UK defence spending to rise to 2.5% of GDP by 2027, funded by cut in international aid [View all]

Source: BBC

UK defence spending to rise to 2.5% of GDP by 2027, funded by cut in international aid

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09:34

A boost to the British military

Jonathan Beale
Defence correspondent

An increase in spending 2.5% of GDP on UK defence will certainly help Britain’s Armed Forces – which have experienced severe cuts since the end of the Cold War.

But it will not get them everything they want - or completely reverse the “hollowing out” of the UK’s military capabilities.

Even before this extra cash injection, the Ministry of Defence was facing a black hole in its equipment budget of around £17bn over the next decade – according to the National Audit Office.

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09:21

A blow to recipients of overseas aid - but a reprieve for other departments

Dharshini David
Chief economics correspondent

The prime minister's intention to increase defence spending to 2.5% of the nation's income, or GDP, will be funded by a reduction in the overseas aid budget by billions of pounds to 0.3% of national income.

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Read more: https://www.bbc.com/news/live/c4gm41lq6rlt