Govt: UK defence spending hike tied to fiscal situation

A sweeping review of the UK’s defence and security will begin next week. The review will set out a “road-map” to increasing the UK’s defence spending to 2.5% of GDP, but no target date has yet been set to reach that target. Armed Forces Minister Luke Pollard stated that the commitment is "iron-clad," but emphasised that the increase will adhere to fiscal rules, he added, "we won’t pretend the money is there when it is not." Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn