UK defence budget increased to 2.5% by 2027 as geopolitical landscape darkens
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- Total addressable market sizing ($)
- Competitor analysis
- Cost analysis
- Market forecasting
- Growth identification
- Increasing closing ratio
- Increasing closing order value
- Estimating product potential
- Calculating sales forecasting
- Supply and demand analysis
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Description
UK defence spending will be increased to 2.5% of the country's GDP in 2027, Prime Minister Keir Starmer has announced.
The level of defence spending will then, if Starmer has his way, be increased to 3% “within the next parliament”. That means after the next general election, which could be anything up to 4.5 years away.
Assuming no change to the party in government, that would commit the UK to spending 3% of its GDP to defence spending within the space of a decade.
Current NATO defence spending expectations are that Member States commit 2% of their GDP to defence,
The level of defence spending will then, if Starmer has his way, be increased to 3% “within the next parliament”. That means after the next general election, which could be anything up to 4.5 years away.
Assuming no change to the party in government, that would commit the UK to spending 3% of its GDP to defence spending within the space of a decade.
Current NATO defence spending expectations are that Member States commit 2% of their GDP to defence,
