Spring statement: Govt must commit to reaching 3% of GDP for defence spending by 2030

EMBARGO: Immediate Release

Responding to today's Spring Statement, Liberal Democrat Defence Spokesperson James MacCleary MP said: 

“Today's Spring Statement has made it abundantly clear that this Labour Government have no clue on how to raise defence spending beyond 2.5%.

“With continuing threats from an imperial Putin, and a new conflict in the Middle East at the hands of Trump and Netanyahu, the UK is far from being war-ready.

“The Government must urgently commit to reaching 3% of GDP for defence spending by 2030 and start with the Liberal Democrat proposals for a £20 billion defence bond programme. This would provide a crucial and urgent injection of cash into our Armed Forces, and generate growth through R&D investment.”

ENDS