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...

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. …

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 …

In the 2023/24 financial year, the UK spent £53.9 billion on defence. Spending plans set out in the 2024 Autumn Budget show that defence spending is expected to total £56.9 billion in 2024/25, …

Oct 31, 2024 · In the government’s Autumn Budget, the UK’s core military spending rose to £56.9bn this financial year – 2024-25 – with an additional £2.9bn announced for next year. …

Jan 31, 2023 · UK defence spending as a proportion of GDP has halved since the 1980s - leading to a decline in equipment and a drop of one in six military personnel, Sky News analysis has …

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 …

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 …

Oct 30, 2024 · The UK government is to spend an additional £2.9 billion (US$3.8 billion) on defence in the next financial year as part of an effort to reach a target of spending 2.5% of …

Jul 16, 2024 · In the most recently completed financial year (2023/24), the UK's defence budget was £54.2 billion, up from £52.8 billion in 2022/23. According to figures published by the …

In 2024, the United Kingdom's defence spending as a share of Gross Domestic Product is estimated to be 2.3 percent. Between 1980 and 2024, the UK's defence spending was at its …

Military expenditure (current LCU) Military expenditure (% of general government expenditure) Armed forces personnel, total. Arms exports (SIPRI trend indicator values) Arms imports …

1 day ago · Starmer’s office and the Treasury have been told that raising defense spending to that level from just over 2.3% currently — a decision that would cost about £5 billion ($6.2 billion) a …

8 hours ago · While Government fails to give timeline for raising defence spending to 2.5pc of GDP, military sources say figure not enough in first place The state of the British Armed …

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 …

2 days ago · NATO is expected to revise its current spending target of 2% in the coming months. Internally, alliance planners estimate that between 3.5% and 3.7% of GDP would be needed to …

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, …

Military Expenditure in the United Kingdom increased to 74942.80 USD Million in 2023 from 64081.60 USD Million in 2022. United Kingdom Military Expenditure - values, historical data, …

3 days 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 …

19 hours ago · But even if there is an urgent push to boost spending, there is said to be concern among military chiefs that the Armed Forces will still be unable to meet current targets, with a …

Jan 28, 2025 · The European Union has allocated €16.4 billion (in current prices) to security- and defence-related activities under the multiannual financial framework (MFF) 2021-2027. The …