India, Feb. 26 -- A day before flying to the U.S., UK prime minister Keir Starmer announced plans to increase defense spending to 2.5 percent of GDP by 2027.

That is an increase of £13.4 billion, or $16.95 billion, year on year.

Starmer said he announced the biggest sustained increase in the nation's defense spending since the end of the Cold War because "tyrants like Putin only respond to strength".

"Unless Ukraine is properly protected from Putin, Europe will only become more unstable - and that will hurt us even more," he told the House of Commons Tuesday.

"We will make sure this investment maximizes British jobs, British growth, British skills and British innovation".

Starmer said that to fund the initial increase in defense s...