The squeeze on finances for thousands of British homeowners is set to intensify after a key rate on

Greece’s conservative government promised late Thursday to continue a multi-billion euro defense modernization program during its second term in office, setting its sights on acquiring F-35 fighter jets in five years. “Our priority is to safeguard the country,” Prime Minister Kyriakos Mitsotakis told parliament at the start of a debate to approve a new government after his conservative New Democracy party won a general election last month. Athens is acquiring 24 advanced French-built Rafale jets, and upgrading 58 F-16 fighters from its aging fleet. It wants to add 20 F-35s with an option to buy as many as 28 more at a later date – requests that still require final approval from the Unites States. Greece has long-standing disputes with neighbor and fellow-NATO member Turkey and is modernizing its military after emerging from a severe financial crisis in 2018. It currently has the largest defense budget in the alliance relative to the size of its economy, at 3.54% of gross domestic product in 2022, according to NATO’s annual report published in March. It is one of seven members that spends above the 2% NATO guideline, along with the United States, Lithuania, Poland, the United Kingdom, Estonia and Latvia. Mitsotakis said the high spending on defense would continue despite a welcome thaw in tension with Turkey in recent months. He is due to meet with Turkish President Recep Tayyip Erdogan next week on the sidelines of a NATO summit in Lithuania. Concluding a three-day debate, the Greek parliament will hold a vote of confidence Saturday, to back the new Mitsotakis government. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide

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