Labour is deliberately refusing to say when defence spending will hit a target of 3 per cent of GDP to avoid spooking the markets, Wes Streeting admitted today.
The Defence Secretary said that setting an arbitrary date without showing how it was to be achieved would increase the cost of borrowing when it is already high.
The UK has promised to commit 3.5 per cent of national income on defence by 2035, in line with a pledge by Nato members.
The Government has budgeted to hike defence spending to 2.7 per cent by 2027-28, but Andy Burnham and his ministers have refused to
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