MPs demand £20bn boost for defence to meet the renewed threat from Russia and terrorism
- Commons defence committee want spending increased from 2% to 3% of GDP
- Investment levels would be similar to at the end of the Cold War and mid-90s
- Financial stability ‘only solution’ at time when UK faces increasing challenges from cyber-warfare, MPs said
The Armed Forces need more cash to meet the resurgent threat from states like Russia, an MPs’ report has warned.
The Commons defence committee called on the Government to start the process of moving the level of defence spending from 2 per cent to 3 per cent of total GDP.
That would mean additional funding of around £20billion a year, bringing investment in defence to levels similar to those seen between the end of the Cold War and the mid-90s.
The report said failure to finance the military on a sustainable basis makes it ‘very difficult’ to implement a long-term strategy for defence needs. Financial stability is the ‘only solution’ at a time when the UK faces a renewed threat from Russia, as well as increasing challenges from terrorism and cyber-warfare, MPs said.
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The Commons defence committee called on the Government to start the process of moving the level of defence spending from 2 per cent to 3 per cent of total GDP (file photo)
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