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Defence Equipment Plan
27 February 2020
Type
Written Ministerial Statement
Department
Ministry of Defence
At a Glance
Issue Summary
Mr Ben Wallace is presenting the 2019 financial summary of the Defence Equipment Plan to address the intensifying threats to the UK.
Action Requested
The minister announces the need for difficult choices and reviews of equipment plans to ensure effective allocation of the defence budget. The review will consider emerging technologies and improvements in acquisition processes, while also responding to Public Accounts Committee recommendations and addressing financial shortfalls.
Key Facts
- Defence Equipment Plan financial summary placed in the Library of the House.
- Threats to UK are intensifying and diversifying.
- Financial shortfall reduced from £7 billion to £2.9 billion or 1.6% of equipment budget.
- Government committed £1.6 billion additional spending for Defence and a further £2.2 billion in Spending Round 2019.
- Prime Minister granted a £2.2 billion uplift at the last Spending Review.
- Integrated Security, Defence & Foreign Policy Review will re-examine equipment plans.
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