UK PM announces largest military investment since Cold War - Global Times

British Prime Minister Boris Johnson announced Thursday the country's largest military investment in 30 years -- an extra 16.5 billion pounds (about 21.9 billion US dollars) in defence spending over next four years.

In his speech to the House of Commons (lower house of the British Parliament), Johnson said Britain needs to "upgrade capabilities across the board" to end "the era of retreat" by transforming its armed forces.

With another 1.5 billion pounds (about 2.0 billion dollars) investment in military research and development, Britain will establish a new center dedicated to Artificial Intelligence and a new Space Command capable of launching the country's first rocket in 2022, Johnson said.