Defence: Finance

(asked on 28th October 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to page 103 of the Budget 2026, serial 41, Defence Investment Plan: Reallocate capital spending to fully fund the Defence Investment Plan, if he will publish a breakdown of the source of the capital spending of a) £145m in 2026-27 and the b) £2.1bn in 2027-28.


Answered by
Emma Reynolds Portrait
Emma Reynolds
Chief Secretary to the Treasury
This question was answered on 2nd November 2026

Budget 2026 confirmed that the remaining £4.7 billion required to fund the Defence Investment Plan over 2026-27 to 2029-30 will be met through capital reprioritisation. This comprises £3 billion from an additional 1% reduction in departmental capital budgets from 2027-28 to 2029-30, and £1.7 billion from unallocated contingency in the Treasury’s capital Reserve.

Reticulating Splines