Govt: UK defence spending hike tied to fiscal situation

Video Credit: ODN
Published on July 10, 2024 - Duration: 00:53s

Govt: UK defence spending hike tied to fiscal situation

A sweeping review of the UK’s defence and security will begin next week.

The review will set out a “road-map” to increasing the UK’s defence spending to 2.5% of GDP, but no target date has yet been set to reach that target.

Armed Forces Minister Luke Pollard stated that the commitment is "iron-clad," but emphasised that the increase will adhere to fiscal rules, he added, "we won’t pretend the money is there when it is not." Report by Covellm.

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