The Chancellor of the Exchequer has said the Government will provide £2.2 billion of funding for the Ministry of Defence over the next two years.
Sajid Javid said the figure represented a real-terms increase of 2.6%.
According to the Government in a release:
“£2.2 billion in additional funding made available for the UK’s world-class Armed Forces will ensure they can continue to modernise and meet the ever-changing threats to national security.
This ensures the government will continue to exceed its commitment to grow the defence budget by 0.5% in real terms, with the UK continuing to exceed the NATO target.”