Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Britain to spend an extra $2 billion on armed forces' housing
    Headlines

    Britain to spend an extra $2 billion on armed forces' housing

    Published by Global Banking & Finance Review®

    Posted on May 30, 2025

    2 min read

    Last updated: January 23, 2026

    Britain to spend an extra $2 billion on armed forces' housing - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Government fundingRecruitmentUK economy

    Quick Summary

    The UK is investing an additional $2 billion to improve housing for its armed forces, aiming to enhance recruitment and morale as part of the Strategic Defence Review.

    UK Allocates Additional $2 Billion for Armed Forces Housing Improvements

    LONDON (Reuters) -Britain said on Saturday it would spend an extra 1.5 billion pounds ($2 billion) to tackle the poor state of housing for the country's armed forces, helping to support recruitment, retention and morale.

    The spending will be included in the Strategic Defence Review (SDR), a 10-year plan to transform Britain's defences, the government said on Saturday. The SDR is expected to be published on Monday.

    The money will fund urgent repairs and maintenance, from fixing boilers to tackling damp and mould in service family accommodation, alongside developing new housing, the government said.

    A report by parliament's Defence Committee last December concluded that the accommodation was "shocking" and could result in service personnel quitting the forces.

    "For too long, many military families have lived in sub-standard homes, but this government is taking decisive action to fix the dire state of military accommodation and ensure that our heroes and their loved ones live in the homes they deserve," Defence Secretary John Healey said in a statement.

    The extra funds mean more than 7 billion pounds will be spent on service family accommodation and new-build single accommodation during the period to 2029, the government said.

    ($1 = 0.7422 pounds)

    (Reporting by Paul Sandle; editing by Michael Holden)

    Key Takeaways

    • •UK to spend an extra $2 billion on military housing.
    • •Funds are part of the Strategic Defence Review.
    • •Improvements aim to support recruitment and morale.
    • •Urgent repairs and new housing developments planned.
    • •Over £7 billion allocated for housing by 2029.

    Frequently Asked Questions about Britain to spend an extra $2 billion on armed forces' housing

    1How much is the UK government spending on armed forces housing?

    The UK government is spending an additional 1.5 billion pounds ($2 billion) to improve the housing conditions for armed forces personnel.

    2What will the additional funds be used for?

    The funds will be used for urgent repairs and maintenance, including fixing boilers and addressing damp and mould in service family accommodation, as well as developing new housing.

    3What is the Strategic Defence Review?

    The Strategic Defence Review (SDR) is a 10-year plan aimed at transforming Britain's defences, which will include the additional housing budget for armed forces.

    4What did the Defence Committee report conclude about military accommodation?

    A report by parliament's Defence Committee described the accommodation as 'shocking' and indicated that poor housing conditions could lead to personnel leaving the forces.

    5How much total funding will be allocated to service family accommodation by 2029?

    With the new funding, more than 7 billion pounds will be allocated to service family accommodation and new-build single accommodation by 2029.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Image for Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Image for UK police search properties in probe into Mandelson over Epstein ties
    UK police search properties in probe into Mandelson over Epstein ties
    View All Headlines Posts
    Previous Headlines PostGermany hopes for EU deal on sending failed asylum seekers to third countries, minister says
    Next Headlines PostTrump says he plans to double steel, aluminum tariffs to 50%