Defence: Finance

(asked on 30th January 2024) - View Source

Question to the Ministry of Defence:

To ask His Majesty's Government when they expect to achieve their stated ambition to increase defence spending to 2.5 per cent of gross domestic product; and what investment they are making in new areas of defence technology.


Answered by
Earl of Minto Portrait
Earl of Minto
Minister of State (Ministry of Defence)
This question was answered on 13th February 2024

The Government has set its aspiration for defence spending to reach 2.5% of GDP as soon as fiscal and economic circumstances allow.

Over the current Spending Review period we will be investing at least £6.6 billion in Research and Development, working closely with UK industry and academia to ensure we are developing the technologies and capabilities Defence needs now and in the future.

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