UK Defence Spending
The Conservative party pledged in its manifesto that it would increase the UK’s defence budget by at least 0.5 per cent above inflation each year. Despite the Covid-19 turmoil, Professor Malcom Chalmers, deputy director general of the Royal United Services Institute (RUSI), expects this promise will be honoured: “There’s no indication so far that they’re about to renege on that commitment. I think the most likely scenario is that the defence budget will get a small real terms increase.”
