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Explained in plain English
Nato is a military alliance, and member countries agree to spend a certain amount on defence to ensure collective security. The UK, as a Nato member, has committed to spending 2% of its GDP on defence, with an aspiration to reach 2.5%. The story mentions a 3.5% commitment by 2035, indicating a higher future target.
Stories that explain this
Chancellor Healey delays setting 3% defence spending target date until next year