Defence: Finance
(asked on 5th December 2017) - View Source
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, what recent assessment his Department has made as to whether the 2 per cent of GDP spending target is sufficient to meet UK defence needs over the next 20 years.
This question was answered on 13th December 2017
The commitment to spend 2% of GDP on Defence came after a thorough examination of threats and risks, after which the Government decided on an appropriate level of funding. The 2% commitment should be seen as a base and not a target.
The Government are committed to spending 2% of GDP on Defence until 2022. Commitments on Defence spending beyond this point will be laid out in future Spending Reviews.