Uk Defence Budget 2024. So what exactly have the conservatives and labour pledged on defence? Prime minister rishi sunak said on tuesday he would increase defence spending to 2.5% of gdp to reach 87 billion pounds ($108 billion) a year by 2030.

With a focus on the government’s commitment to 2.5% of gdp on defence ‘when economic circumstances allow’ and the surprising decrease in the mod’s. Lessons for investors from the history of war finance.