Defence: Finance

(asked on 14th March 2024) - View Source

Question to the Ministry of Defence:

To ask the Secretary of State for Defence, what recent assessment he has made of the adequacy of his Department's budget for its military capability requirements.


Answered by
James Cartlidge Portrait
James Cartlidge
Minister of State (Ministry of Defence)
This question was answered on 22nd March 2024

UK defence spending is at its highest level in history and is increasing in real terms. Over the next decade we have increased the budget for our Equipment Plan to £288.6 billion and we have set out our longer-term aspiration to invest 2.5% of GDP on defence when the fiscal and economic circumstances allow.

We continue to meet all operational commitments, including participating in every single NATO mission and tackling Houthi attacks on shipping in the Red Sea.

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