In recent remarks, Ed Davey, leader of the Liberal Democrats, emphasized the urgent need for the UK to increase its defense spending to 2.5% of GDP, citing alarming security challenges. He proposed enhancing the digital services tax on major companies to fund this investment. Meanwhile, in other political developments, David Lammy participated in the G20 foreign ministers' meeting in South Africa, and Scottish Labour's Anas Sarwar addressed NHS waiting times at their conference. Additionally, 30 local councils in England were authorized to borrow £1.5bn to avoid bankruptcy amid severe financial stress.
Liberal Democrat leader Ed Davey urged increasing UK defense spending to 2.5% of GDP, calling current conditions alarming, reminiscent of post-World War II challenges.
Davey proposed raising the digital services tax on multinational companies to fund intensified defense spending, emphasizing the need for urgent action amid evolving geopolitical threats.
Foreign Secretary David Lammy continued G20 foreign ministers' discussions in South Africa, while Scottish Labour leader Anas Sarwar addressed NHS waiting time crises at their party conference.
There's a pressing imperative for council financial health; 30 local authorities were permitted to borrow £1.5bn collectively, avoiding asset sales to prevent bankruptcy.
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