The Canada Brief

World · 6 d ago

Palace of Westminster, London

Diliff · CC BY-SA 2.5 · Wikimedia Commons

UK commits to 3% of GDP on defence by 2030

In his first budget, chancellor John Healey said the Defence Investment Plan is fully funded. The £4.7 billion gap will be filled by reprioritizing other departments' budgets.

What we know

  • 3% of GDP on defence by 2030
  • NATO target is 3.5% by 2035

Not yet

  • How the UK will reach 3.5%
  • Where the rest of the money comes from

The UK also aims for NATO's 3.5% of GDP target by 2035, but the detailed route is left to a spending review next year.

The budget also sets aside £10 billion in additional economic and military support for Ukraine, and opens talks with Finland, Poland and the Netherlands on joint defence procurement.