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Defence: Finance

Asked by James CartlidgeConservativeMinistry of DefenceTabled Answered 1 April 2025UIN 41493

The question

To ask the Secretary of State for Defence, with reference to the Spring Statement on 26 March 2025, whether the £13.4 billion increase in defence spending announced by the Prime Minister on 25 February 2025 will go ahead.

Answered by Maria Eagle

The Government has set out its clear commitment to increase defence spending to 2.5% of GDP in 2027, and to 3% of GDP in the next parliament as fiscal and economic conditions allow.

When the Prime Minister announced the uplift to 2.5%, he was clear that comparing total NATO qualifying defence spending in 2024-25 with 2027-28 was an uplift of £13.4 billion. The new OBR forecast means that this figure has increased to £14.2 billion.

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