World · 6 d ago
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.
