Defence: Expenditure
(asked on 11th May 2022) - View Source
Question to the Ministry of Defence:
To ask Her Majesty's Government what consideration they have given to reviewing defence spending since Russia's invasion of Ukraine.
This question was answered on 25th May 2022
As the Secretary of State for Defence has made clear, Defence spending and our capabilities will be based on the threat picture and to that end we are constantly evaluating our priorities.
Following SR20, Defence spending increased by over £24 billion over the next four years up to 2025: the biggest investment in the UK's Armed Forces since the end of the Cold War.
This commitment cements our position as the second largest Defence spender in NATO, clearly exceeding the 2% of GDP target.