UK Announces £13 Billion In Ukraine Support And Higher Defense Spending Targets

Britain has set 2030 as its target for raising defense spending to 3% of GDP, while pledging an additional £10 billion ($13.3 billion) in economic and military support for Ukraine.

Finance Minister John Healey announced the measures Wednesday, describing the security environment as a new era of threats.

The package includes £500 million in urgent military assistance for Ukraine this winter, alongside loans and export finance guarantees. Britain also reaffirmed its commitment to reach NATO’s 3.5% defense spending benchmark by 2035.

The National Wealth Fund and British Business Bank will invest up to £5 billion over four years in defense, dual-use technologies and related industries. Separately, Rolls-Royce will partner with the government on next-generation turbine engine technology through a £2.5 billion investment.

Related Tweet:

🚨 NEW: John Healey has announced Ukraine will receive £10bn in additional economic and military support "We called him this morning... he told us we made his day" #Budget https://t.co/YR6exVwP6M

— Politics UK (@PolitlcsUK) October 28, 2026

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tippinsightsTIPP Staff