The UK government, led by Prime Minister Keir Starmer, is considering significantly accelerating the increase in defense spending, the BBC reports, citing Downing Street sources.
Earlier last year, Starmer promised to increase military spending to 2.5% of GDP by April 2027 and also outlined an “ambition” to reach 3% of GDP in the next parliamentary cycle (tentatively after the 2029 election). Now, the government is discussing achieving this goal much sooner—by the end of the current parliament, that is, by 2029.
According to the BBC, this involves potentially achieving the 3% of GDP target early, approximately five years ahead of initial plans. This measure could require billions of additional pounds annually.
According to government sources, no final decision has been made yet. The Treasury is exercising caution due to the long-term financial implications and limited budgetary funding opportunities.
Experts note that accelerated defense spending growth may be due to growing threats from Russia, the need to fund key programs (including the nuclear deterrent, the GCAP project, and the AUKUS agreement), as well as pressure from the military and NATO allies.