Chancellor Jeremy Hunt has produced a budget for the few not the many. He has promised a £11 billion worth of military funding, while failing to address the cost of living or climate crisess.
What’s on offer for the MoD?
The Ministry of Defence gets a whopping £11 billion more over the next 5 years. It will reach 2.25% of GDP by 2025, with the intention to raise it to 2.5% when fiscal and economic circumstances allow. There’s £5bn extra in the next two years – £2bn this year and £3bn next. Of the £5bn, £3bn goes to nuclear ‘defence’ and the Aukus pact, with the remaining £1.9bn rebuilding Britain’s stockpile of munitions to replace those sent to Ukraine.
Labour’s response
Responding to Hunt, Keir Starmer had only one thing to say about the military budget hike: ‘We bill look carefully at the details of the military spending announcement, and we will suppport it.’ This response is simply not good enough from a Labour leader. None of the problems facing Britain can be resolved by nuclear weapons or war.
CND’s response
We stand with the workers and trade unions striking for better wages and a better future. Instead of spending unnecessary money on more nuclear warheads, CND calls on the government to guarantee fair wages and real pay rises for all.