The UK Ministry of Defence has revealed that Britain has spent more than 25 billion pounds ($31.5 billion) on defense, according to official 2022/2023 statistics.
The figure shows a 1.8-billion pound ($2.3 billion) increase from the 2021/2022 budget, adjusted for inflation.
Statistics show that an estimated 370 pounds ($467) is spent on the defense industry for each person in the UK.
According to the ministry, the increased spending underlines the government’s commitment to improving the defense sector while supporting the economy by creating jobs in the field.
“These statistics demonstrate how all parts of the UK are playing their part in that crucial work, delivering through our fantastic defence industry and boosting local prosperity,” Defence Secretary Grant Shapps shared.
An estimated 209,000 jobs are supported through the Ministry of Defence.
Continued Increase
The expenditure marks the third consecutive year of increased defense spending, which Shapps attributes to the country’s response to emerging threats worldwide.
“It’s crucial that investment in our Armed Forces matches that picture,” he said. “These statistics demonstrate how all parts of the UK are playing their part in that crucial work.”
Southeast England received the highest defense budget, followed by the Southwest. Additionally, Wales saw a 25 peercent rise in funds, amounting to 780 million pounds ($984 million).