CNBC:
A group of British lawmakers has warned that unless the country raises spending on defense, it runs the risk of being “outgunned” by Russia.
The Defence Select Committee (DSC) issued a report Monday, calling for the amount of money allocated to U.K. defense to be raised towards 3 percent of GDP (gross domestic product). It currently spends around 2 percent, a target level set by NATO (North Atlantic Treaty Organization).
The report claimed however that current spend levels are “far too low” and that the U.K. government needed more resources to help keep the country safe.
Despite the criticism, Britain has maintained the biggest military budget in Europe. For the fiscal year ending in March 2019, U.K. defense spending is budgeted to be £47.2 billion ($62.5 billion).
