No Result
View All Result
  • Login
Tuesday, July 28, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Trump says Europe freeloads on defense. Britain’s own (former) Defense Secretary just agreed

by FeeOnlyNews.com
2 months ago
in Business
Reading Time: 4 mins read
A A
0
Trump says Europe freeloads on defense. Britain’s own (former) Defense Secretary just agreed
Share on FacebookShare on TwitterShare on LInkedIn



U.K. Defense Secretary John Healey unexpectedly quit on Thursday, saying the government is unwilling to spend enough on the military at a time of “rising threats.” The resignation dealt another blow to embattled Prime Minister Keir Starmer, who is already facing demands from Labour colleagues to step down.

Healey told Starmer in a letter that the government’s Defense Investment Plan falls “well short of what is required at this dangerous time.”

Publication of the plan has been delayed amid reports of disagreement between the Defense Ministry and the Treasury.

Starmer said in a letter to Healey that he was sorry to see him go, but insisted that the funding plan would provide the necessary military resources to keep the United Kingdom safe.

“The increases in spending that underpin this plan will be sustainable and fair,” Starmer said. “They will mean significant reallocations of funding from across government departments and the right choices to protect our nation.”

Critics say too little, too late

Starmer has pledged to boost U.K. defense spending to 2.5% of gross domestic product by 2027 and 3% by 2035. But many in the military say that isn’t fast enough.

“You have been unable, and the Treasury has been unwilling, to commit the resources that the nation needs to defend the country at this time of rising threats,” Healey wrote in his resignation letter.

He said that the spending plan put forward by the Treasury, and presented to him on Monday, would see defense spending rise to just 2.68% in 2030, after hitting 2.6% next year.

Healey said that isn’t enough with growing demands on defense and British military commitments, citing the Iran war, Russia’s all-out invasion of Ukraine and threats from Moscow.

“I am now left with no other option than to submit my resignation,” he said.

Gen. Richard Barrons, who helped lead a defense review that underpins the investment plan, said the government is “actively going backwards” by refusing to fund its own review.

“It diminishes the U.K.’s standing within NATO, weakens our credibility with allies, and increases our vulnerability to the realities of 21st-century conflict,” he said. “Allies and adversaries alike will be paying attention.”

The government said that it was delivering “the largest sustained boost to defense spending since the Cold War.”

“This country is safer because of the decisions Keir Starmer has made and we will continue to act in our national interest,” it said in a statement.

Healey is considered a safe pair of hands

Healey has been U.K. defense secretary since the Labour Party government was elected in July 2024, and he’s regarded as a capable and serious minister.

He has played a key role in bolstering international support for Ukraine and assembling a multinational coalition to help guarantee security if a ceasefire is reached. Healey also has helped spearhead a maritime security force that would help keep the Strait of Hormuz open to shipping if the Iran war ends.

The United Kingdom and other NATO member nations have faced pressure from U.S. President Donald Trump to increase military spending. Trump has long questioned the value of the military alliance and complained that the United States provides security to European countries that don’t pull their weight.

The U.K. military is also seeking to reverse years of decline in the face of an increasingly assertive Russia, which fully invaded its neighbor Ukraine on Feb. 24, 2022, and increasingly tests the defenses of European nations with overt and covert activity.

NATO Secretary-General Mark Rutte, informed of Healey’s resignation by The Associated Press during a news conference in Brussels, said that Healey is someone “I respect very much.”

“What we are seeing all over the alliance is countries increasing their defense investments, and of course it is not easy, because in the end there is always a trade-off with other expenses, which are also important,” Rutte said.

Healey’s resignation is likely to further stoke talk that Starmer’s days as prime minister are numbered. Already bruised by a series of missteps since Labour returned to power less than two years ago, Starmer has faced calls within his party’s ranks to stand down.

In a sign of his waning authority, Starmer appears to have been unable to bridge the gap between Healey’s department and Treasury chief Rachel Reeves over defense spending.

Olivia O’Sullivan, head of the U.K. in the World program at the Chatham House think tank, said the resignation “significantly undermines Starmer,” especially since the prime minister has had “a relatively assured track record on defense and foreign affairs.”

Greater Manchester Mayor Andy Burnham is widely expected to challenge Starmer for the leadership, if he returns to Parliament in a June 18 special election.

Justin Crump, a former British tank commander who heads security consultancy Sibylline, said that Healey’s resignation “should not have been allowed to occur in a well-run government.”

“It just further underlines a lack of control here, a lack of clarity, a lack of resolution, a gap between words and delivery,” he said.

___

Mark Carlson in Brussels, and Pan Pylas and Brian Melley in London, contributed to this report.



Source link

Tags: agreedBritainsdefenseEuropefreeloadsSecretaryTrump
ShareTweetShare
Previous Post

A Chinese start-up’s dilemma exposes cracks in Beijing’s tech funding

Next Post

Kospi jumps over 8% on Iran peace deal hopes; world’s best-performing market up 94% YTD

Related Posts

How Wistron’s early Nvidia bet made it an unsung winner of the AI boom

How Wistron’s early Nvidia bet made it an unsung winner of the AI boom

by FeeOnlyNews.com
July 28, 2026
0

For Wistron chair Simon Lin, overseeing one of the biggest growth stories in global tech is all about being in...

Debt, Drama, and the Democrat Party

Debt, Drama, and the Democrat Party

by FeeOnlyNews.com
July 28, 2026
0

Anyone who has ever been in financial trouble knows that a debtor's last resort is putting up his or her...

F5 forecasts 9%-10% FY 2026 revenue growth as Q4 EPS guidance targets .14-.26 (NASDAQ:FFIV)

F5 forecasts 9%-10% FY 2026 revenue growth as Q4 EPS guidance targets $4.14-$4.26 (NASDAQ:FFIV)

by FeeOnlyNews.com
July 27, 2026
0

Earnings Call Insights: F5, Inc. (FFIV) Q3 2026 Management View CEO François Locoh-Donou framed Q3 as demand-led execution across hybrid...

South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why

South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why

by FeeOnlyNews.com
July 27, 2026
0

South Korean stocks were hammered on Tuesday as a global sell-off in chipmakers sent technology heavyweights sharply lower, with rising...

OpenAI’s first hardware device debuted at 0. Now, it’s on eBay for ,850

OpenAI’s first hardware device debuted at $230. Now, it’s on eBay for $1,850

by FeeOnlyNews.com
July 27, 2026
0

OpenAI’s foray into hardware has transfixed techies for more than a year, with speculation about the AI company’s forthcoming mystery...

LeBron James took a pay cut to maybe live in New York and be a supercommuter to Philly by chopper

LeBron James took a pay cut to maybe live in New York and be a supercommuter to Philly by chopper

by FeeOnlyNews.com
July 27, 2026
0

LeBron James is the NBA’s first and only active player to reach billionaire status. The Chosen One has four championship...

Next Post
Kospi jumps over 8% on Iran peace deal hopes; world’s best-performing market up 94% YTD

Kospi jumps over 8% on Iran peace deal hopes; world's best-performing market up 94% YTD

Amazon.com, Inc. (AMZN) Plots €10B Investment To Bolster Growth in Europe

Amazon.com, Inc. (AMZN) Plots €10B Investment To Bolster Growth in Europe

  • Trending
  • Comments
  • Latest
Coffee Break: Armed Madhouse – From Spy Satellites to Peace Satellites

Coffee Break: Armed Madhouse – From Spy Satellites to Peace Satellites

July 7, 2026
US prosecutors examine LA Dodgers owner Mark Walter-linked insurers – report

US prosecutors examine LA Dodgers owner Mark Walter-linked insurers – report

July 21, 2026
Bond Vet and Small Door Merge to Form One of the Nation’s Largest Premium Veterinary Networks – AlleyWatch

Bond Vet and Small Door Merge to Form One of the Nation’s Largest Premium Veterinary Networks – AlleyWatch

July 9, 2026
House backs an emergency brake on elder fraud

House backs an emergency brake on elder fraud

June 26, 2026
Salesforce, RightCapital, And YCharts Launch Their Own New AI Capabilities (And More Of The Latest In Financial #AdvisorTech – July 2026)

Salesforce, RightCapital, And YCharts Launch Their Own New AI Capabilities (And More Of The Latest In Financial #AdvisorTech – July 2026)

July 6, 2026
Product-Market Fit Expires Every 90 Days. Here’s What to Do About It.

Product-Market Fit Expires Every 90 Days. Here’s What to Do About It.

July 15, 2026
Crypto stocks rally thanks to rotation from AI infrastructure; bitcoin miners lag

Crypto stocks rally thanks to rotation from AI infrastructure; bitcoin miners lag

0
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom

How Wistron’s early Nvidia bet made it an unsung winner of the AI boom

0
The Dupes of War | Mises Institute

The Dupes of War | Mises Institute

0
“This is Money,” Elon Musk Claims as P2P-Powered X Money Goes Live in the US

“This is Money,” Elon Musk Claims as P2P-Powered X Money Goes Live in the US

0
Exclusive: What a Former Burglar Says Are the Best (and Worst) Places to Hide Money at Home

Exclusive: What a Former Burglar Says Are the Best (and Worst) Places to Hide Money at Home

0
Debt, Drama, and the Democrat Party

Debt, Drama, and the Democrat Party

0
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom

How Wistron’s early Nvidia bet made it an unsung winner of the AI boom

July 28, 2026
“This is Money,” Elon Musk Claims as P2P-Powered X Money Goes Live in the US

“This is Money,” Elon Musk Claims as P2P-Powered X Money Goes Live in the US

July 28, 2026
Debt, Drama, and the Democrat Party

Debt, Drama, and the Democrat Party

July 28, 2026
F5 forecasts 9%-10% FY 2026 revenue growth as Q4 EPS guidance targets .14-.26 (NASDAQ:FFIV)

F5 forecasts 9%-10% FY 2026 revenue growth as Q4 EPS guidance targets $4.14-$4.26 (NASDAQ:FFIV)

July 27, 2026
South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why

South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why

July 27, 2026
Nationwide Recall Issued for This Thyroid Medication. See Products

Nationwide Recall Issued for This Thyroid Medication. See Products

July 27, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • How Wistron’s early Nvidia bet made it an unsung winner of the AI boom
  • “This is Money,” Elon Musk Claims as P2P-Powered X Money Goes Live in the US
  • Debt, Drama, and the Democrat Party
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.