Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the planned increase of £13.4 billion in annual defence spending by the 2027-28 financial year includes previously announced funding of (a) £150 million for national security and (b) £4.5 billion for the Single Intelligence Account in the 2025-26 financial year.
The Prime Minister announced in February 2025 that NATO-qualifying defence spending will increase to 2.6% in 2027. This will be achieved through an increase in funding from a reduction in the Official Development Assistance (ODA) budget from 0.5% to 0.3% Gross National Income, and, in line with practice among our allies, recognising the contribution of our intelligence and security services to the defence of our nation.
The inclusion of other departmental spending that falls under NATO qualifying defence spending definitions will continue to be periodically reviewed in line with NATO guidance.