Defence: Finance
The question
To ask the Chancellor of the Exchequer, what estimate her Department has made of the level of economic growth required to support long‑term defence spending commitments.
Answered by James Murray
This Government has announced a significant uplift in defence spending over the Spending Review period, paid for by a reduction to ODA. This uplift is underpinned by our non-negotiable fiscal rules; reducing borrowing whilst investing in defence to keep the UK and allies safe and thus providing the stability that underpins the plans to boost economic growth. Future years’ spending allocations will be considered at the next Spending Review in 2027, which will be underpinned by the independent Office for Budget Responsibility’s economic and fiscal forecasts.
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