Skip to main content
UK Edition

Friday, 2 October 2026

Trade News UK

The latest UK news, business, transport and more

News

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

UK economy desk, Trade News UK (2026-07-08): How to hit the 3.5% of GDP spending promise made to Nato would be a matter for the next prime minister, MPs toldThe Treasury has as yet carried out no… Primary source: original at The Guardian (theguardian.com).

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...