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<p>The government’s aspiration is to invest 2.5% of GDP on defence, when the fiscal
and economic circumstances allow. The Prime Minister has been clear that the target
and path towards 2.5% will be set out at the next Spending Review.</p><p>The government
has consistently prioritised defence spending. The Ministry of Defence was the first
department to get certainty on its budgets in this Parliament. This settlement was
the largest sustained spending increase in defence since the end of the Cold War,
with a £24 billion uplift in cash terms over the four-year period. In March 2023,
we also provided an extra £11 billion for defence and national security priorities
over the next five years, with £4.95 billion over the next two years.</p>
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