Originally Posted by
Frostchamber
Well, if defence spending is set to rise over the next few years to 3% of GDP (which is the official position as of now, even if folk are sceptical as to whether it'll actually happen) then it makes sense to have a clear view on how best to spend it, without funding greater inefficiencies, and having regard to the current threat environment. Then again, many argue that the last ISDR's findings remain valid, Ukraine notwithstanding. Either way, any big windfall demands sound advice and careful thought, as opposed to a "spend spend Viv" response. So maybe a mix of a few immediate enhancements to address critical gaps, coupled with a longer term plan?
With GDP having fallen sharply since the Brexit vote and further still following Covid, and only now beginning to rise slightly ahead of projected stagnation in 2023 (PWC's prognosis, not mine), I wouldn't count on an increase in % of GDP spending actually resulting in more money to spend.