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PM announces £15bn defence investment plan but says some road and energy projects will be scrapped
The plan raises annual defence spending to £80 billion by 2029 and will fund the increase by scrapping some road and energy projects.
- Prime Minister Sir Keir Starmer announced a £15 billion defence investment plan on Tuesday, scrapping road and energy projects to fund military upgrades.
- Following weeks of Whitehall wrangling, Defence Secretary Dan Jarvis secured the necessary funding after former defence secretary John Healey resigned earlier this month, claiming he was offered only £13.5 billion.
- Chancellor Rachel Reeves stated the funding comes from "reprioritising spending" across Government by reallocating capital budgets by one penny in every pound, protecting frontline health and education services.
- Annual defence spending will increase from £54 billion to £80 billion by 2029 as Sir Keir aims to reverse the "corrosive hollowing out" of the military, acknowledging there were "no easy answers."
- This announcement may represent one of Sir Keir's final acts as Prime Minister before handing over power to Andy Burnham, though he stated he is "absolutely certain" his successor will continue the investments.
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Coverage Details
Total News Sources20
Leaning Left5Leaning Right3Center8Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 31%
C 50%
R 19%
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