Rishi Sunak Set to Announce £23 Billion Boost for Armed Forces
Defence spending is expected to reach the 2.5 per cent of GDP target by the end of the decade, with Chancellor Rishi Sunak set to make the announcement. This increase will result in an additional £23 billion for the armed forces.
UK to Become Fifth Highest Nato Spender
The UK will become the fifth highest spender in Nato, trailing behind only Estonia, Poland, the US, and Greece. The Government's previous stance was to raise defence cash to 2.5 per cent when economic conditions permit.
Pressure from MPs and Ministers
The announcement follows months of pressure from MPs and ministers, especially in light of the conflict in Ukraine and instability in the Middle East. Former Armed Forces Minister James Heappey described the news as "enormous" and much needed.
Whistle-Stop Tour for Security Talks
Chancellor Sunak is currently on a tour of Poland and Berlin for security discussions amidst Putin's invasion, highlighting the importance of the UK's commitment to strengthening its defence capabilities.
