U.K.'s Osborne Pledges Focus on Terror in $23 Billion Fight

  • Treasury to increase counter-terrorism budget by 30%
  • He declines to rule out cuts to frontline police numbers

Is Europe Drawing Closer to Defeat IS?

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Chancellor of the Exchequer George Osborne will make the fight against Islamic State a focus of his Spending Review on Wednesday amid plans to boost the U.K.’s counter-terrorism budget by almost a third.

In a tweet Sunday, Osborne saidBloomberg Terminal the government will invest 15 billion pounds ($23 billion) over the next five years fighting the threat at home and abroad. Last week, he pledged to double the funding for the U.K.’s cyber defenses, saying security would be a focus for his fiscal report after the downing of a Russian passenger jet and deadly attacks in Paris were both claimed by Islamic State. He declined to say whether he would refrain from cutting police budgets.