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UK Prime Minister Rishi Sunak has outlined plans for a major increase in gov't spending on defence that would have a significant impact on the UK defence sector as well as the gov'ts fiscal outlook. Sunak pledged that by 2030, 2.5% of the UK's national income would go on defence spending, which would allow a major increase in production of ammo to restock increasingly-barren reserves, as well as develop new military tech. Speaking in Poland on 23 Apr, Sunak announced an additional GBP75bn in military spending that would take the UK's total to GBP87/annum by the end of the decade.
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