This week, this Conservative government announced our plan to spend 2.5% of GDP on defence by 2030. This increase in defence spending starts from now and will mean an extra £75 billion over the next six years, making the UK the biggest defence power in Europe, second only to the US in NATO.
Our increased investment will be focused on: firing up the UK industrial base, including £10 billion on the new munitions strategy; ensuring that our Armed Forces are benefiting from the latest technology, and guaranteeing our long-term support to Ukraine. We will also make sure that this new investment is spent more effectively with a radical set of reforms.
