CONTENT PREVIEW
Military Capabilities

Officials not expecting early increases in UK defence spending

14 March 2018

Any increases in defence spending will not take place until next year at the earliest, according to senior sources in the UK government.

Speaking after UK Chancellor of the Exchequer [finance minister] Philip Hammond's spring financial statement on 13 March, the government sources told Jane’s any increase in defence spending would only be confirmed in a cross-government comprehensive spending review that will not be completed until next year.

“In the longer term, I can confirm that, at this year’s budget [expected in November] I will set an overall path for public spending for 2020 and beyond, with a detailed spending review to take place in 2019 to allocate funding between [government ministries],” Hammond told parliament.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihs.com/contact





(139 of 402 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT