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Economy

UK Treasury yet to do due diligence on finding extra money for defence

Economics | The Guardian · 08 Jul 2026

UK Treasury yet to do due diligence on finding extra money for defence

How to hit the 3.5% of GDP spending promise made to Nato would be a matter for the next prime minister, MPs told The Treasury has as yet carried out no analysis of the trade-offs necessary for the UK to hit the 3.5% of GDP defence spending promise made to Nato, the department’s chief secretary has said. Under robust questioning in a joint session of the Treasury and defence committees on Wednesday, Lucy Rigby repeatedly said funding additional defence spending would be a matter for “the next prime minister”. Continue reading...

Read the full story at Economics | The Guardian →

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