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Report: World military spending hits record high amid war in Ukraine
GLOBAL military spending grew for the eighth consecutive year in 2022 to an all-time high of £1.79 trillion, a Swedish think tank has said.
There has been a sharp rise in European military spending, chiefly due to the ongoing conflict in Ukraine.
Spending globally increased by 3.7% in real terms, but military expenditure in Europe was up 13%.
This marked the steepest year-on-year increase in at least 30 years, the Stockholm International Peace Research Institute (SIPRI) reported.