In November 2020, the government announced that it would provide an additional £16.5 billion of funding over the next four years, which represents a 10% increase in the defence budget over this period.45 The Department said that HM Treasury has given it a planning assumption that its budget will grow in real terms by 0.5% per year for the subsequent six years and, as a consequence, it estimated that the Spending Review settlement would result in over £30 billion of additional funding over the...

In November 2020, the government announced that it would provide an additional £16.5 billion of funding over the next four years, which represents a 10% increase in the defence budget over this period.45 The Department said that HM Treasury has given it a planning assumption that its budget will grow in real terms by 0.5% per year for the subsequent six years and, as a consequence, it estimated that the Spending Review settlement would result in over £30 billion of additional funding over the next 10 years.46 The government intends that this funding will allow the Department to modernise and invest in new technologies, including its cyber and Type: conclusion | Number: 17 | Response status: under_consideration