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The Minister of State, Ministry of Defence (Lord Coaker) (Lab)

Speaking in the House of Lords on 10 September 2026

Debate

Defence Spending

Contribution

My Lords, the defence investment plan published in the summer increased defence spending by £15 billion over what was agreed at last year’s spending review. This means that MoD spending over the next four years will total almost £300 billion. Under current plans, defence spending will reach 2.7% of GDP from 2027. By the end of the decade, the MoD budget will be 27% higher in real terms than in 2023-24. The Chancellor has said that at the spending review the Government will set out a clear path towards the NATO commitment to reach 3.5% of GDP on core defence spending by 2035. This will include a target date for increasing defence spending to 3% of GDP.

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