Max Warner

In this discussion, Matthew Savill, Director of Military Sciences at RUSI, and Max Warner, Senior Research Economist at IFS, dive into the implications of the UK's surge in defence spending. They examine historical trends, detailing the shift towards investment and the pressures of modernization. The guests debate whether this increased funding is a response to military needs or merely accounting adjustments. They also tackle how such spending might affect economic growth and the potential fiscal ramifications of committing to 3.5% of GDP for defence.