British funding for Ukraine will end before the new year, according to the Sunday Times

Although the administration has promised to support Kyiv indefinitely, reality appears to be about to bite



By the end of the year, the UK's financial help for the Ukrainian military will be exhausted, a Defense Ministry source has informed the Sunday Times. London has already provided Kyiv with more than £2.3 billion ($2.7 billion) in military assistance, but whoever takes over as president of the nation will have to cope with the country's stretched public resources and waning support for a lengthy fight.


During his visit to Kyiv last week, British Prime Minister Boris Johnson pledged an additional £54 million ($63 million) in military aid for Ukraine, on top of the £2.3 billion the UK has already committed since Russia's military operation started in February. For "whatever long it takes," Johnson pledged to help Kyiv's troops, and his likely successor, Foreign Secretary Liz Truss, is renowned for her even more belligerent attitude against Russia.


The UK's financial support for the war effort will run out by the end of the year, according to a Ministry of Defense source, the Sunday Times piece stated.


This indicates that the decision of whether to invest billions of additional support at a time when the state finances are severely strained will be made very soon by the new prime minister.


Britain is now dealing with record fuel prices and skyrocketing inflation, which is expected to reach 18% in early 2023. Much of this price increase is being passed on to customers as a result of market forces, supply interruption caused by the conflict in Ukraine, and Britain's decision to stop importing Russian energy. On Friday, energy regulator Ofgem increased the energy price cap by 80%. The average household will now incur annual energy costs of more than £3,500 as a result of this decision.


Next month, members of the Conservative Party will vote to elect either Truss or former chancellor Rishi Sunak to succeed Johnson as party leader and prime minister of the United Kingdom. Whoever prevails will need to strike a compromise between their pledge to support Ukraine's military spending and the growing demands of activists for lower energy costs, compensation for increased living expenses, and compensation for families to take in Ukrainian refugees.


In light of this, and in spite of Kyiv's appeal for "solidarity" from the people of Europe, support for Britain's sanctions policy against Russia is eroding. According to a YouGov poll conducted in March, 48% of British citizens favored tightening sanctions against Russia, even if doing so resulted in higher energy costs. This had decreased to 38% by June. Similarly, whereas 49% of people stated they would put up with tax increases to support Ukraine's military in March, that figure has subsequently dropped to 41%.


#latestworldnews #internationalnewstoday #latestinternationalnews #foreignnews


Read more Latest Business News , Today Politics Headline , Today Finace News Update ,Latest Social News Update , World News Highlight , Entertainment Latest News , Today Sports News Update , Education Latest Update , Real Estate Today Update