Defence: Finance
The question
To ask the Secretary of State for Defence, with reference to the oral statement by the Prime Minister of 25 February 2025 on Defence and Security, Official Report, columns 631 to 634, what assessment he has made of the potential impact of the announcements on defence spending on the publication timescale for the new Defence Industrial Strategy.
Answered by Maria Eagle
This Government recognises the vital role the UK defence industry plays not only in our national security but also to the economic prosperity and growth of the UK.
Raising defence expenditure to 2.5% of GDP has the potential to enhance the security and economic prosperity of the entire UK. The announcement of increased defence spending does not affect the schedule for the Defence Industrial Strategy.
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