What’s in the Budget for UK Defence in six tweets
The UK Government's 2020 Budget includes £100m in additional funding for defence research and development (R&D) and funding to support overseas buyers of UK defence and security equipment.
The UK Chancellor Rishi Sunak has unveiled the 2020 Budget designed to deliver on the Government’s ‘promises to the British people’. What commitments to defence does the budget include?
The integrated review and the comprehensive defence review
What is in the budget for Defence? #BudgetSpeech2020
Kicking off with a reitiration that the Integrated Review will inform comprehensive spending review. 1/n. pic.twitter.com/lxrkazq06D— Harry Lye (@harry_lye) March 11, 2020
Support for overseas defence equipment sales
“£1 billion to support overseas buyers of UK defence and security goods and services.” 2/n. pic.twitter.com/y8DmGswcAC
— Harry Lye (@harry_lye) March 11, 2020
Additional funding for defence R&D
Additional £100m to be spent on defence R&D, further additional £50m for National Security Strategic Investment Fund (NSSIF). 3/n. pic.twitter.com/2P8rovBqwU
— Harry Lye (@harry_lye) March 11, 2020
Funding for the Southampton Spitfire Memorial
£3m for Southampton Spitfire Memorial. 4/n. pic.twitter.com/iQMR35R8oZ
— Harry Lye (@harry_lye) March 11, 2020
Extra funds for charitable endeavours
Further £10m for the Armed Forces Covenant Fund Trust, to support charitable endeavours. 5/n. pic.twitter.com/nmsKEJfvnj
— Harry Lye (@harry_lye) March 11, 2020
UK to establish DARPA equivalent
£800m for the creation of a UK ‘DARPA’. 6/n. pic.twitter.com/k2ri3EZTpB
— Harry Lye (@harry_lye) March 11, 2020