UK has launched the 2023 Integrated Review refresh to respond to the increasing global volatility. They have confirmed an additional £5billion to be provided to the Ministry of Defence to bolster ‘ammunition stocks’ , fund the next phase of the AUKUS submarine programme and modernise the UK’s nuclear enterprise. This has been the largest sustained increase since the Cold War (1991). The Prime Minister will also set out an ambition to increase defence spending to 2.5% of GDP in the longer term, and the UK will lead a conversation with Allies on future posture and burden sharing at the NATO Summit in Lithuania this summer. This will be presented to Parliament today.
How will this effect UK’s standing in the future?