Boris Johnson promises the largest investment in armed forces since Cold War. He will announce an additional £16,5 billion for the Ministry of Defence.
The Government is going to invest £16,5 billion to transform the armed forces and – as experts have confirmed – the plan is the largest surge in defence budget since Margaret Thatcher’s premiership.
The Prime Minister said the government has taken the decision “in the teeth of the pandemic” because “the defence of the realm must come first”.
It is a 10% increase on the Ministry of Defence’s annual budget of £40bn and the extra funds would be needed to cover space and cyber defence projects, such as an artificial intelligence agency.
The investment plan comes just a week after Boris Johnson promised Joe Biden that the UK will be a valuable military ally to the United States. Britain is currently the second-biggest defence spender in Nato after the United States.
The Prime Minister will soon announce the creation of a National Cyber Force and the artificial intelligence agency.
According to Defence Secretary Ben Wallace, England must let go of older weapons and transform its military with new equipment. He explained: “When I looked across at the armed forces today I saw them with equipment that was out-of-date, I saw our adversaries across the world having better equipment, the ability to attack us and harm us getting wider and wider from our capabilities… And when that happens, time runs out and you need to modernise your forces. You need to sometimes let go of some older capabilities and that takes money in order to first of all create the headroom to invest.”
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