Defence secretary updating MPs after Starmer unveils extra £15bn for armed forces – UK politics live | Politics


Starmer says some capital projects on roads and energy being revised to fund Dip

Starmer gives more details of those capital cuts.

double quotation markIt means departments making better use of assets like underused land, and it means those departments with the largest capital budgets contributing more.

Therefore, some capital projects, for example on roads and energy, which are important but not immediately vital, will no longer go ahead as planned.

But this is about taking the necessary choices, the right choices to protect our nation.

And he goes on to confirm the new spending totals.

double quotation markNow we are already delivering the biggest sustained increase in defence spending since the 1980s – £270 billion over the spending review period.

And I can announce today that under the defence investment plan, we are increasing this by a further £15bn, setting a new record of spending almost £300bn over the next four years to back our armed forces and strengthen our national security.

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Jarvis says £1.5bn more allocated to Dip now than when Healey resigned

Jarvis explains how the Dip has changed.

double quotation markI will lay out what has changed and why.

This plan now commits more investment in our armed forces – £298bn over the next four years.

That includes an additional £15bn on top of last year’s spending review settlement, of which most is extra day to day spending for training and improving availability of ships and aircraft to increase our warfighting readiness.

That is £1.5bn more than when I took up this job just a couple of weeks ago.

This means defence spending will now increase in real terms by 27% between 2023 and 2024 and 2029 and 2030. That is a bigger increase across a parliament than any present member of this house has ever seen.

It means the £74bn allocated to our armed forces next year is now £20bn, more than the last year of the previous government.

And it means by the end of this decade, the proportion of GDP spent on defence will now be higher than at any time during the last 30 years.

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