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U.K. Prime Minister Rishi Sunak pledged Monday to increase military funding by 5 billion pounds ($6 billion) over the next two years in response to Russia's invasion of Ukraine and the "epoch-defining challenge" posed by China.
The increase, part of a major update to U.K. foreign and defense policy, is less than military officials wanted. Sunak said the U.K. would increase military spending to 2.5% of gross domestic product "in the longer term," but didn't set a date. Britain currently spends just over 2% of GDP on defense, and military chiefs want it to rise to 3%.
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