The Prime Minister has announced that the UK will ramp up investment in defence to meet the challenges of an increasingly volatile and complex world, as the Government launches an update to the 2021 Integrated Review.
The 2023 Integrated Review Refresh [IR23] confirms that an additional £5 billion will be provided to the Ministry of Defence over the next two years, to help replenish and bolster vital ammunition stocks, modernise the UK’s nuclear enterprise and fund the next phase of the AUKUS submarine programme. It follows a £24 billion four-year uplift in defence spending in 2020, the largest sustained increase since the Cold War.
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