Britain intends to increase defense spending in order to avoid cuts in the defense budget amid inflation. It is reported by The Telegraph.
The Treasury accepted the argument that the budget of the Ministry of Defense should not fall in relation to inflation, while there is a war in Ukraine.
Treasury Secretary Jeremy Hunt is expected to announce a budget increase this spring. In the fall, he was already expanding spending on education and the National Health System..
According to military experts, in order to avoid real cuts, the budget of the British Ministry of Defense in 2024/25 should grow from 48.6 billion pounds to 50.1 billion pounds, t. an increase of at least ?1.5bn (US$1.8bn) is required.
This announcement will be seen as a definite victory for Defense Secretary Ben Wallace, who has steadfastly demanded more defense spending over the past year..
The specific details of the budget increase will still be discussed and signed in detail, and the exact amount will be determined depending on the financial situation in the spring of 2023.. But the decision has already been made, the newspaper notes..
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Former Prime Minister Boris Johnson announced the biggest investment in British defense since the end of the Cold War when he took office. However, most of the funds were transferred to the Ministry of Defense in the early years of the period ending in 2024..
This has created a situation where the defense budget between 2022 and 2024 could fall in real terms, given the meteoric inflation that has taken place over the past year..
This decision of the Ministry of Finance also partly reflects geopolitical changes.. The war in Europe is back with Russia's invasion of Ukraine, soon to reach its one-year mark.
Spending decisions are expected to be announced along with the release of an updated Government Comprehensive Review warning of a return of geopolitical clashes..
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Earlier it was reported that Britain will join the EU "
The goal of the military mobility project is to increase the speed of deployment of troops and equipment throughout Europe, especially during times of war. Countries that are part of the project do not have to go through the same number of bureaucratic procedures when crossing borders, nor will they need to obtain the same permits from official authorities.