Articles about Defence Spending

The defence minister insists that increases in spending did not happen because of thinktanks, retired generals ‘or washed-up bureaucrats’Get our breaking news email, free app or daily news podcastIf there’s anyone who knows just how much pressure Donald Trump is heaping on allies to lift defence spending, it’s Richard Marles.The message was received loud and clear when he met his US counterpart, Pete Hegseth, in Singapore nearly a year ago. Continue reading...

The new strategy to be unveiled by Richard Marles will see defence spending rise to about 2.4% of GDP – but US president has urged allies to spend 3.5%Get our breaking news email, free app or daily news podcastLabor will spend an extra $53bn on defence over the next decade, using the nation’s latest military blueprint to create new special investment programs to fund increases in capability using private capital.The defence minister, Richard Marles, will unveil the new national defence strategy on Thursday, as well as detailing a new integrated investment program for military capability, boosting the current budget by $14bn over the next four years, forward estimates period. Continue reading...

Treasury minister James Murray hits back at George Robertson’s criticism over military budgetUK politics live – latest updatesA Treasury minister has said balancing welfare and defence spending “is not a zero-sum game”, amid stark warnings that the UK will have to increase its military budget to ensure national security during global volatility.James Murray, the chancellor’s deputy, said the government was pushing ahead with the biggest sustained increase in defence investments since the cold war, but he would not say when it would publish its delayed defence investment plan. Continue reading...

Industry groups say delay to defence investment plan (DIP) leaving UK behind in global race for fundingDefence manufacturers are going bust while others have been left in “paralysis” and “bleeding cash” as they wait for a long-delayed UK military spending plan for the next decade, MPs have heard.Industry groups said that a more than six-month delay to the defence investment plan (DIP) has also left the UK behind Germany and the US in attracting cash from global investors. Continue reading...