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<p>Since 2020 UK defence spending has seen several substantial increases, starting
with a £20 billion cash increase in SR20, additional funding for munitions and wider
resilience, as well as an additional £11 billion as part of the 2023 Spring Statement</p><p>
</p><p>Over the next decade we have increased the budget for our Equipment Plan to
£288.6 billion to ensure that the Armed Forces have the next generation equipment
they need to defend Britain and maintain a strategic advantage.</p><p> </p><p>During
this time we have continued to meet all operational commitments, including participating
in every single NATO mission, as well as supporting the Granting in Kind of equipment,
and training to Ukraine.</p><p> </p><p>We recognise the world is more uncertain and
volatile than it has been for several years, and we have set out our longer-term aspiration
to invest 2.5% of GDP on defence when the fiscal and economic circumstances allow.</p><p>
</p><p> </p>
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