Economy

UK Prime Minister Sunak pledges 2.5 percent GDP military spending to place economy on a “war footing”


Prime Minister Rishi Sunak announced Tuesday that Britain is to increase military spending to 2.5 percent of GDP in “the biggest strengthening of our national defence for a generation”.

Spending will increase to 2.5 percent of GDP by 2030, up from 2.3 percent, including new funding for Ukraine, this year. “Over the next six years, we’ll invest an additional £75 billion in our defence,” said Sunak. Downing Street said military spending will reach £87 billion annually by 2030, “ensuring the UK remains by far the second largest defence spender in NATO after the US.”

Rishi Sunak (centre) holds a press conference with the NATO Secretary General Jens Stoltenberg (left) and then met British soldiers stationed at the Warsaw Armoured Brigade military base, Poland, April 23, 2024 [Photo by Simon Walker/No 10 Downing Street / CC BY-NC-ND 2.0]

The Ministry of Defence’s budget covers the ongoing renewal of Britain’s nuclear-armed submarine fleet, and the build and maintenance costs of several hundred nuclear warheads. The upper estimate on nuclear weapons spending alone over the next decades is between £170-£200 billion.

Sunak made his announcement in front of armoured vehicles and alongside NATO Secretary-General Jens Stoltenberg in Warsaw, Poland: the first stop on a tour of Europe which included meeting German Chancellor Olaf Scholz in Berlin Wednesday.

Sunak said the increase in military spending “is a turning point for European security and a landmark moment in the defence of the United Kingdom.” Speaking at the base of the Warsaw Armoured Brigade, he addressed a regiment of the Queen’s Dragoon Guards: “I want to talk to you about how we equip you to do your duty in an increasingly dangerous world,” with Britain and NATO confronting an “axis of authoritarian states.” Sunak named “Russia, Iran, North Korea, and China.”



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