We spent £52.8 billion on defence in 2022/23, rising to £54.2 billion in 2023/24. For 2024/25, our core budget of £51.7 billion combined with assumed additional funding from the Treasury...

Nov 30, 2023 · Defence spending (Resource DEL plus Capital DEL minus Depreciation) in 2022/23. This is an increase of £6.9 billion from 2021/22, which when adjusted for inflation is a …

U.K. military spending/defense budget for 2022 was $68.46B, a 1.43% increase from 2021. U.K. military spending/defense budget for 2021 was $67.50B, a 15.72% increase from 2020. U.K. …

Spending plans set out in the 2024 Autumn Budget show that defence spending is expected to total £56.9 billion in 2024/25, increasing to £59.8 billion in 2025/26. This is equivalent to an …

Oct 30, 2024 · The Ministry of Defence (MoD) is set to receive a £2.9 billion increase in its budget, announced by Chancellor Rachel Reeves in her first budget speech. The Labour government …

Dec 19, 2024 · The UK needs to spend 3.6 per cent of GDP on defence if it wants to modernise its military while protecting its nuclear deterrent and meeting Nato obligations, according to internal...

Nov 14, 2024 · The increase in the UK’s defence budget follows an announcement by Chancellor Rachel Reeves, who confirmed a £2.9 billion rise in the Ministry of Defence’s budget, as part …

Oct 30, 2024 · The UK’s defence budget for the 2023/24 FY was £54.2 billion and this increase takes spending to £57.1 billion and 2.3% of GDP.

Jul 28, 2023 · The ‘refresh’ of the UK’s military strategy 1 – published in mid-July – announced new spending of £2.5 billion, and provided more detail on earlier spending commitments. So, …

Oct 28, 2024 · NATO guidelines suggest each member state should spend at least 2% of their gross domestic product (GDP) on defence. In line with pledges made by the previous …

Dec 13, 2024 · UK military budget must rise by 56%, Ministry of Defence calculations say Amount would far outstrip current 2.5% target and take annual spending above £90bn Save

Jan 31, 2023 · In 2021, the UK spent 2.2% of its Gross Domestic Product on defence, amounting to about £45.9bn. However, this number has fallen since the mid-1950s. In the financial year …

The first list is based on the Stockholm International Peace Research Institute (SIPRI) fact sheet, which includes a list of the world's top 40 military spenders as of 2023, based on current …

Military expenditure (% of GDP) - United Kingdom from The World Bank: Data. Free and open access to global development data. Data. ... Military expenditure (current USD) Military …

Jan 16, 2025 · This year the UK will give more military support to Ukraine than ever before, with £3 billion already committed for lethal aid, and the first £1.5 billion from a £2.26 billion loan as …

Jul 11, 2023 · United Kingdom: The UK has seen a relatively modest increase in defence spending, moving from $65.7 billion in 2014 to an estimated $65.8 billion in 2023, placing it …

1 day ago · In an interview on Wednesday, Sky News asked Mr Healey seven times whether the UK would or should increase defence spending beyond 2.5%. Each time, he stuck to the …

10 hours ago · Germany now has the highest defense budget across Europe, surpassing the United Kingdom, as the continent rushes to pull up military spending and prepare for the …

1 hour ago · Germany's spending was up over 23 percent year-on-year to 85.9 billion dollars, the world's fourth largest. Ukraine was at 14th place at 28.4 billion dollars. The amount is 15.4 …

Jan 15, 2025 · Of the £20.68 billion in spending recorded by the Ministry of Defence over the past 12 months, 19% of contracts had a known location, with 78% of this amount allocated to …

Jan 28, 2025 · How much are EU member states spending on defence? How much of the EU budget is spent on defence? ... The European Union has allocated €16.4 billion (in current …

1 day ago · For example, our calculations estimate that if total defense spending in a given country were to rise from 2.2 to 3.0 percent of GDP (an increase of 36.0 percent), this could …