According to the UK Independence Party website UKIP will try to achieve the following if they gain power at the 2010 general election:
UKIP is committed to an increase of 40% in defence spending, around 1% of UK GDP.
For illustration, a 40% increase on 2007/08 figures of £32.6 billion (source: MOD), would equate to an additional defence spend of £13.04 billion p.a., and an increase in the defence budget to £45.92 billion p.a. for that year.
The increase in the total capital spend is indicated below as an additional £27.4 billion over the proposed 10 year programme (plus the army capital spend which is less programme specific and is included in the overall spending increase). This equates to an average of £2.7 billion p.a. over the 10 years.
The increase in the total revenue spend (which includes a proportionate increase in army capital spend and extra personnel, pay, incentives and facilities) is £10.43 billion p.a.
I would be interested to hear both positive and negative views on UK Independence Party’s Overall Defence Budget figures policies in the comments below?