Defence: Industry
(asked on 2nd December 2024) - View Source
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, what assessment he has made of the potential impact of the Autumn Budget 2024 on the defence sector.
This question was answered on 5th December 2024
The Budget increased defence spending in real terms by £2.9 billion for next year and we are committed to setting a path to 2.5% of GDP on defence.
The Department's Statement of Intent regarding the Defence Industrial Strategy was published on 2 December. This will ensure the imperatives of national security and a high-growth economy are aligned.