UK commits to additional £15 billion in defence funding, Reeves says

Key Takeaways

• The £15 billion settlement is a compromise after months of wrangling between the Treasury and MoD, following the resignation of Defence Secretary John Healey earlier this month (apnews.com).
• A significant portion of the new funding—over £5 billion—is directed toward a drone transformation to enhance UK defence and support British jobs (gov.uk).
• Funding has been sourced through trimmed capital budgets across departments (around 1%) and reflects the largest sustained defence spending increase since the Cold War, raising spending toward 2.6% of GDP by 2027 (apnews.com).