Defence: Finance

(asked on 22nd July 2026) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what plans, if any, they have to allocate further funding to the Defence Investment Plan.


Answered by
Lord Pitt-Watson Portrait
Lord Pitt-Watson
Parliamentary Secretary (HM Treasury)
This question was answered on 30th July 2026

The Defence Investment Plan allocates a further £15 billion to defence spending over the next four years, funded by reprioritising public spending, with £10.3 billion already identified and a further £4.7 billion to be confirmed at Budget 2026 in a fair and balanced way. This brings total defence spending to almost £300 billion over the next four years and by 2027-28, the UK will spend 2.7% of Gross Domestic Product (GDP) on core NATO defence spending.

The Government has committed to increasing defence spending to 3% of GDP in the next Parliament, with funding and plans to be set out in due course.

Reticulating Splines