UK defence ministry to receive extra £6bn over next five years
15 March 2023
Featured in The Financial Times
Essentially [today’s announcement] means that there won’t be a cliff edge effect and that the extra money for the next two years will have become the baseline for the years after,” said Malcolm Chalmers, an expert on British defence policy and spending at the Royal United Services Institute. “If this is all that the MoD gets in those three years, however, spending will still barely keep pace with GDP growth,” he added.