questionText: To ask the Secretary of State for Defence, with reference to the Chancellor of the Exchequer's Oral Statement on 26 March 2025 entitled Spring Statement, Official Report, if he will state the size of the MOD equipment budget as a (i) percentage of GDP and (ii) cash figure in each financial year of the current Parliament.
answerText: In financial year (FY) 2024-25, Ministry of Defence spend on equipment was £24.92 billion, which is around 0.85% of GDP. This is an increase of over £2 billion from the equipment budget for FY2023-24.While the current FY is ongoing and work on the Defence...
heading: Defence Equipment: Procurement