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The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies.
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 ...
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]
The UK government has spent more than it has raised in taxation since financial year 2001–02, [3] creating a budget deficit and leading to growing debt interest payments. Average government spending per person is higher in Scotland, Wales and Northern Ireland than it is in England.
Underinvestment in the UK military is something Government should take “seriously”, warns former head of the Army, General Lord Richard Dannatt UK must increase its defence spending after ...
The UK’s defence budget could face billions of pounds worth of cuts if Donald Trump imposes tariffs on the UK, a new forecast has warned. Independent forecasts, included in new research from the ...
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 ...
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.