Buy the UK DIP? Defense stocks lifted by $20 billion spending boost as gilts come under fire

British defense stocks are marching higher once again after the U.K. confirmed a near-$20 billion military spending boost on Tuesday.

UK boosts military spending by $20 billion but critics say it's not enough

Self-flying fighter jets, uncrewed submarines and drones will be at the center of Britain’s future military under a defense plan announced Tuesday that includes a 15 billion pound ($20 billion) spending boost. Like other members of the North Atlantic Treaty Organization, the UK is under pressure to increase defense spending to counter a more aggressive Russia and less reliable US. But its Defense Investment Plan has been repeatedly delayed as military leaders and Treasury officials wrangled over

By The Korea Herald