Britain has announced a £15 billion increase in defence spending as part of a £298 billion Defence Investment Plan, to be rolled out over the next four years. The plan lifts annual defence outlays from £54 billion to nearly £80 billion by 2029, raising defence spending to 2.7 % of GDP – the highest proportion in three decades and a step toward meeting NATO targets by 2035. It will create almost 60,000 new UK industry jobs and support more than half a million defence‑related roles. Key investments include £8 billion for the Global Combat Air Programme, £63 billion for nuclear deterrence and new submarines, £5 billion for a drone transformation, £11 billion for munitions, and a £50 billion export facility to help British firms win overseas contracts.
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