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Defence spending to remain at 2% of national income. [19] Spending on overseas aid to be kept at 0.5% of national income, below the official 0.7% target. [19] Reduction in the main rate of National Insurance from 12% to 10% from 6 January 2024. [19] Reduction in Class 4 National Insurance for self employed from 9% to 8% from April 2024. [19]
England's NHS budget will increase by £3.3bn a year during 2023–24 and 2024–25, and spending on schools by £2.3bn over the same period [18] Defence spending to be maintained at 2% of national income [18] Overseas aid spending to remain at 0.5% until 2028, below the official 0.7% target [18]
Gov.uk – PM announces ‘turning point’ in European security as UK set to increase defence spending to 2.5% by 2030 Gov.uk – Our committment (sic) to 2.5% of GDP in 2030 ( archived ) Gov.uk ...
While ministers have pledged to boost UK defence spending from its current point – at just above 2 per cent – to 2.5 per cent, it is not yet clear when or how this target will be achieved.
The Strategic Defence Review is an upcoming review of the United Kingdom's defence policy. It is the first such review carried out by a Labour government since 2003 . The review will be led by former NATO Secretary General Lord Robertson , with oversight from Defence Secretary John Healey .
Defence Secretary John Healey has been challenged to press the Prime Minister to increase defence spending to 2.5% of GDP if the UK’s threat levels are found to have risen.
Spending decisions were expected to be made during the next spending review in 2024, at which point more funding might be allocated or other decisions taken. [8] In April 2024, Conservative Prime Minister Rishi Sunak pledged to increase defence spending to 2.5 percent of GDP (or £81 billion) by 2030. The Labour Party pledged to raise defence ...
Sir Keir Starmer is reportedly preparing to resist demands to increase UK defence spending to 2.5 per cent of GDP by 2030 as a result of concerns about the state of public finances, despite ...