Rishi Sunak lays out ‘generational’ plan to hike UK’s defence spending

LONDON: Prime Minister Rishi Sunak announced a significant strengthening of Britain’s national defence on Tuesday, describing it as the largest in a generation to address the challenges of an increasingly dangerous world. He pledged to increase the country’s defence budget to 2.5 per cent of GDP by 2030, which would amount to an additional GBP 75 billion in funding over the next six years. Speaking alongside NATO Secretary-General Jens Stoltenberg in Poland, Sunak emphasized the importance of allies stepping up against an “axis of autocratic states”, including Russia, Iran, and China, who are working together to undermine democracies. He highlighted the need for investment in defence to protect the world order. Sunak stated, “Today is a turning point for European security and a landmark moment in the defence of the United Kingdom.” He emphasized the importance of being proactive in defending the country, its interests, and its values in the face of growing threats. Sunak outlined a plan to increase defence spending immediately, with a steady rise to reach GBP 87 billion by the end of the decade, ultimately hitting 2.5 per cent of GDP by 2030. The increased funding will focus on munitions production, modernizing the armed forces, and supporting Ukraine’s defence in its conflict with Russia. The UK government also committed to providing additional support to Ukraine, including military equipment and ammunition. The move by the UK sets a new standard for other major European NATO economies to follow, with the aim of strengthening the collective defence alliance. Chancellor of the Exchequer Jeremy Hunt emphasized the importance of investing in defence to protect values, freedoms, and prosperity. Defence Secretary Grant Shapps highlighted that the increased investment will focus on high-tech capabilities to strengthen the Armed Forces. In addition, Sunak announced plans to reform the UK Ministry of Defence’s Head Office to operate as a strategic headquarters, ensuring accountability and value-for-money in defence operations.