Streeting has ‘total confidence’ UK will hit defense spending target

Wes Streeting, the U.K. Defence Secretary, said he has "total confidence" the U.K. will meet its defense spending target, pushing back against claims his party is failing to ramp up military spending. The remarks come amid ongoing political pressure over the U.K.'s defense budget and its commitment to NATO allies. Streeting's comments signal the government's intent to defend its fiscal record on national security, a politically sensitive issue given global security concerns. Investors are watching for concrete spending commitments and any clarity on how the government plans to fund increased defense outlays, which could affect defense contractors and U.K. fiscal policy.