Budget Gives The MOD £1bn In Extra Funding

Posted on October 30, 2018

In his Budget speech, Philip Hammond said the plan was to modernise key areas such as anti-submarine warfare and expertise in cyber offensives. The extra £1bn for defence comes on top of an £800m increase in the summer. But it is a “drop in the ocean” that will not resolve the “hollowing out” of armed forces, according to a former head of the Royal Navy. It also falls short of a suggested £20bn increase that was proposed in June by the Commons defence select committee. The committee said the Ministry of Defence’s budget should rise from 2% of GDP (£40bn) to 3% (£60bn). Speaking after Mr Hammond’s Budget speech, Labour peer Admiral Lord West of Spithead said the cash, although welcome, is not enough. Lord West, who headed the Navy from 2002 to 2006, added that if more money was not forthcoming, it would be a “real, real problem for UK defence”.

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