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Treasury Minister: Next PM to Fund Nato Defence Pledge, Not Current Government

A Treasury minister has stated that the responsibility for funding the UK's ambitious 3.5% defence spending target by 2035 rests with the 'next government'. This comes amid ongoing criticism of the recently unveiled Defence Investment Plan.

  • Treasury has not evaluated how to reach the 3.5% GDP defence spending target by 2035.
  • Chief Secretary to the Treasury, Lucy Rigby, stated funding decisions are for the 'next Prime Minister' and the 2027 spending review.
  • The new Defence Investment Plan has faced criticism, including resignations from two ministers.
  • The 3.5% commitment is estimated to cost an additional £40bn per year, equivalent to four pence on income tax.
  • Prime Minister-in-waiting Andy Burnham has indicated he would take defence funding seriously.

The Treasury's stance on funding the government's long-term pledge to spend 3.5% of GDP on defence by 2035 has left Defence Secretary John Healey questioning whether the nation's security is being taken seriously enough. Chief Secretary Lucy Rigby's assurance that this significant decision will be made by the next Prime Minister and Treasury after the 2027 spending review raises questions about the current government's commitment to national security.

Ms Rigby was responding to criticisms of the recently published Defence Investment Plan (DIP), which has been marred by controversy. The strategy, designed to boost defence spending, led to the high-profile resignations of Mr Healey and junior minister Al Cairns over concerns that it failed to address current threats adequately. Former Nato chief Lord Robertson also expressed disappointment with the plan, suggesting it did not do enough to tackle pressing security challenges.

The commitment to increase defence spending to 3.5% of GDP is estimated to require an additional £40 billion annually, equivalent to a four pence rise in income tax. Yet, Ms Rigby confirmed that the Treasury has not evaluated how this long-term pledge will be funded, deferring the decision until the next spending review. She also downplayed a £5 billion shortfall within the current defence plan, stating it was not unusual for governments to address such shortfalls during budget reviews.

The Labour Party had previously highlighted its commitment to boosting defence spending as part of its leadership campaign. Prime Minister Keir Starmer promised an additional £15 billion for the armed forces over four years, but the recently launched DIP omitted any clear blueprint for funding the longer-term 3.5% commitment. This omission has intensified scrutiny over the government's fiscal strategy for national security.

Andy Burnham, widely regarded as a potential future Prime Minister, has expressed his intention to take the responsibilities of funding the defence investment plan seriously if elected. His approach will be crucial in determining how the UK navigates its defence commitments and broader economic pressures in the years ahead.

Why this matters: The UK's commitment to increased defence spending has significant implications for public finances and national security. The lack of a clear funding plan creates uncertainty for the armed forces and future government budgets.

What this means for you: What this means for you: The funding decisions for increased defence spending could impact public services, taxation, and the overall economic landscape, as an additional £40 billion per year is a substantial sum that would need to be raised or reallocated.

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