Defence: Finance

(asked on 4th June 2026) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what plans they have, if any, to reduce the level of funding for the Defence Investment Plan over the next four years; and, if so, to what level.


Answered by
Lord Livermore Portrait
Lord Livermore
This question was answered on 22nd June 2026

The budget for the Ministry of Defence (MOD) to 2028-29 (RDEL) and 2029-30 (CDEL) was set via the Spending Review 2025 and will be reviewed along with all other departments in Spending Review 2027.

This budget supports the Prime Minister’s commitment to reach NATO qualifying defence spending of 2.6 per cent of GDP by April next year.

The Defence Investment Plan will set out MOD's plans to ensure resources are directed effectively to meet its priorities and deliver value for taxpayers. We are working hard to finalise this, and it will be published soon.

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