Britain will aim to spend 3% of its GDP on defence in the next parliament, due to begin in 2029, and will help to fund that increased spending by cutting its aid budget, Prime Minister Keir Starmer said on Tuesday.

Sir Keir Starmer has announced a major boost to defence spending as he cut foreign aid. The Prime Minister said the Government would hit its target of 2.5% of national income on defence spending by 2027.

Prime Minister Keir Starmer says the U.K. will raise defense spending to 2.5% of gross domestic product by 2027

Britain's Keir Starmer will set out a timeline to increase defence spending to 2.5% of GDP, The Sun newspaper reported on Tuesday, a day before the prime minister travels to meet U.S. President Donald Trump.