The government has raised defence spending from £54bn per year when it took office in 2024, to £80bn by 2029 – a real-term increase of 27%,
Ministers say that is the largest increase since the Cold War in the 1980s.
Since John Healey resigned as defence secretary on 11 June over what he considered insufficient funding in the plan, his successor Dan Jarvis has secured a further £1.5bn.
But this takes the total additional funds awarded to the Ministry of Defence (MoD) to £15bn, while the gap between what’s needed and what’s actually funded reportedly stands at £28bn.
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