UK Faces £29 Billion Defence Funding Gap Amid Global Threats

A report highlights a significant funding shortfall for the UK's armed forces, raising concerns over the country's ability to maintain its military capabilities.

Senior MPs warn of up to £29 billion funding shortfall for UK's armed forces, citing growing global threats.
Ministry of Defence lacks credible plan to fund armed forces, leaving UK reliant on allies.
Inflation and adverse currency movements contribute to a record funding gap, with the nuclear deterrent upgrade costs skyrocketing.
Defence spending increase fails to cover the deficit, as MPs criticize the MoD's procurement processes and reliance on future spending increases.
Concerns raised over the impact of funding gaps on the UK's military capabilities and international role.