Defence: Finance

(asked on 28th August 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make assessment of the affordability of spending 3.0% of GDP on defence by 2030.


Answered by
Emma Reynolds Portrait
Emma Reynolds
Chief Secretary to the Treasury
This question was answered on 9th September 2026

The £15 billion Defence Investment Plan uplift will take NATO-qualifying defence spending to 2.7% of GDP in 2027-28. This is primarily funded by reallocating £10.3 billion across government, with £4.7 billion to be confirmed at Budget 2026.

At the next Spending Review the Government will set out a clear path to meet its 3.5 per cent NATO target in 2035 and will set a target date to hit 3 per cent on that path.

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