United Kingdom
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I think the 3% target is intended for the next parliament though. The target he wants to hit in this parliament is 2.5% from 2027 onwards.
I guess raising defence spending makes sense so that the UK can better protect itself from threats like Russia.
........ and the United States. These tiered increases aren't going to do much at all in the short term. UK does have nukes which protect it's borders, but it's not going to do anything for mainland Europe.
Apparently France may use its nukes to protect Europe, according to The Telegraph (whether they're right, I don't know). Maybe Europe together should develop a joint nuclear weapons program. Then British nukes wouldn't have to depend on US missiles anymore.