Defence spending is soaring, and politicians in the UK and Europe are telling voters it will be a major boost to economic ...

UK expenditure on arms, 1990-2014. SIPRI, Author provided. The table to the left shows UK spending levels in dollars in real terms since 1990, based on constant 2011 prices and exchange rates ...

How countries rank by military spending ... spending in real terms was up by 6.8% from 2022, ... In 2023 it spent $916bn on its armed forces (see chart 2).

The IISS report pointed out that European defence spending grew by 4.8% in real terms in 2021, ... Calls for the PM to increase the UK’s defence spending have come from all sides.

However, real terms defence spending fell by 22% between 2009/2010 and 2016/2017 (from £57.1bn to £44.6bn in 2023/2024 prices), before starting to increase again to nearer its 2010 levels.

UK PM Sunak hasn't committed to 3% target; Defence minister looks to protect budget from inflation; Wallace wants spending increase but lives in "real world" ...

In terms of capital spending – the other large chunk that makes up the British defense budget – the amount dips from £19.2 billion in 2023-24 to £18.9 billion in 2024-25.

For UK armed forces, the story of the last sixty years has been one of “doing more with less”. As spending on health and social security has gone up, defence spending – as a share of ...

On Monday Sir Keir Starmer agreed to increase defence spending from the current 2.3% to 2.5% by 2027 and then by the next parliament it will rise to 3%.

If the Spending Review confirms that the UK is on track to be spending 2.5% on defence by 2029/2030, this would entail significantly more funding than would be needed to keep spending at 2.32% of GDP ...

Adjusted for military PPP, their combined budget is now equivalent to 76% of America’s. Last year 18 out of 32 NATO countries hit the alliance’s target of 2% of GDP , up from just eleven in 2023.