To ask the Chancellor of the Exchequer, with reference to the Prime Minister’s oral statement on Defence and Security of 25 February 2025, Official Report, column 631, how much and what proportion of the £13.4 billion increase in defence spending is new money.
Answered on
11 March 2025
£13.4bn represents the forecast increase in total NATO qualifying defence spending between 2024-25 to 2027-28. This increase comprises the reallocated ODA funding, as well as forecast increases to existing NATO qualifying spend based on OBR forecasts, over that timeframe.
Answered by
Treasury