Labour’s Defence Secretary Wes Streeting has backed away from pledging to hit the 3% GDP defense spending target by 2030, admitting the party lacks a concrete funding plan — a reversal that’s sparked criticism and confusion, especially after John Healey’s earlier push for the goal. Streeting argues fiscal discipline demands clear payment plans, not just promises, while business leaders and defence experts call for a transparent roadmap. With NATO’s own targets looming and the current plan projecting only 2.68% by 2030, the debate over how to fund critical capabilities — including new submarines — intensifies as the deadline approaches.
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