Tri-Service
Fallon: UK Will Meet NATO Spending Target This Financial Year
The Defence Secretary, Michael Fallon, has confirmed that Britain will continue to meet the NATO target of spending two per cent of national income on defence in the current financial year.
He was responding to a report in the Times newspaper that the MoD has been told to cut the defence budget by £1 billion, which would make it harder to keep military spending above the NATO minimum, it's claimed.
But Mr Fallon says the stories in the press are about the current financial year, adding that it's right that government departments keep to the spending targets set two years ago.
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