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Hunt-Def Spending Up To 2.5% Of GDP When Conditions Allow, No New Package

UK

Chancellor Jeremy Hunt delivering the budget statement,

  • On defence spending: "Our armed forces remain the most professional and best funded in Europe with defence spending already more than 2% of GDP. We are providing more military support to Ukraine than nearly any other country and our spending will rise to 2.5% as soon as economic conditions allow.."
  • This appears to be the only mention of defence spending, and it would appear that no new increase in military expenditure will be announced, despite calls from Conservative backbenchers and the MoD amid rising security risks.

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