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Written question asked by Lord Tyrie (Non-affiliated) on Wednesday, 26 February 2025, in the House of Lords. It was due for an answer on Wednesday, 12 March 2025. It was answered by Baroness Anderson of Stoke-on-Trent (Labour) on Wednesday, 19 March 2025 on behalf of the Cabinet Office.


Defence: Finance

Question

To ask His Majesty's Government, further to the remarks by the Prime Minister at the Downing Street news conference on 25 February, how they calculated that 0.2 per cent of GDP equates to £13.4 billion.

Answer

In 2027/28 we will be spending £13.4 billion more on defence than we do today. Our cash spend in 24/25 is £66.3 billion and our cash spend in 27/28 will be £79.7 billion.


Secondary information

Type
Written question
Reference
HL5336
Session
2024-26
Subjects
Defence Finance
Contains statistics
Yes
Link
View this Written question on www.parliament.uk