UK defence budget sees investment boost
By GlobalData 20 Nov 2020 (Last Updated November 20th, 2020 17:27)
The UK defence sector is set to receive a seismic boost in funding, the largest investment in 30 years, increasing the defence budget by £16.5bn over the next four years, as announced today by the Prime Minister.
Credit: Sandor Szmutko
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The UK defence sector is set to receive a seismic boost in funding, the largest investment in 30 years, increasing the defence budget by £16.5bn over the next four years, as announced today by the Prime Minister. Capabilities across the entire sector are poised to benefit from the financial backing, with the modernisation of the armed forces taking a particular focus. Driving this boost in funding was the expectation that without additional support, the armed forces were on the path to a state of decrepitude that would be difficult to reverse.