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<p>The Government is committed to increase the defence budget by at least 0.5% above
inflation in every year of this Parliament. The MOD has a £38 billion core defence
budget which will rise to almost £40 billion by 2020/21. Following the October 2018
budget announcement Defence will now benefit from an additional £1 billion for this
year and next. The extra £1 billion for defence, on top of the £800 million increase
announced in March 2018, represents a substantial financial boost for Defence and
reaffirms our commitment to protecting national security and allows us to invest in
priorities.</p><p>We will maintain the overall size of the Armed Forces, including
an Army that is capable of fielding a war-fighting division. We are committed to spending
over £186 billion on equipment and equipment support between 2018 and 2028. Army Command
plan to spend around £30.2 billion on the Army's Equipment over the next decade in
comparison to £29 billion at the end of the previous planning cycle. This includes
upgrading our Armoured Vehicles.</p>
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