Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Niloy Chakrabarti

Should I Invest in Defence Stocks? UK Gov Say They Align With ESG After Rishi Steps up Military Spending

Rishi described Russia, Iran, North Korea, and China as "an axis of authoritarian states." (Photo: UK Prime Minister/ Instagram)

On April 23, UK Prime Minister Rishi Sunak announced a significant hike in government spending on the country's defences to overcome emerging threats from Russia and the Middle East. This move will increase defence spending to 2.5% of the UK's GDP by 2030.

"It is a generational investment in British security and prosperity, which makes us safer at home and stronger abroad," the PM said during his visit to the Polish Capital, Warsaw. He believed his actions were necessary amid threats of war in Russia and the Middle East. Sunak also described Russia, Iran, North Korea and China as "an axis of authoritarian states."

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.