UK facing £28bn defence spending gap claims
Summary
Reports suggest the UK needs an extra £28 billion to make its armed forces ready for war. This funding gap is based on the Ministry of Defence's forecast for the next four years. The plan to address this spending is delayed until next spring.Key Facts
- The UK Ministry of Defence (MoD) says an extra £28 billion is needed over four years.
- The investment plan, delayed from last autumn, might be ready by next spring.
- The defence review pledged more spending on ammunition, fast jets, drones, and submarines.
- The UK plans to spend 5% of its GDP on national security by 2035.
- MoD's budget will increase by 3.6% in real terms by 2029.
- Previous studies showed the MoD's equipment plan could exceed its budget by £16.9 billion.
- Inflation and nuclear weapons system costs have added to budget shortfalls.
- Labour claims they inherited an underfunded defence programme from the prior government.
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