The Conservative leadership contest: a guide to the policy landscape
28 July 2022
Featured in UK in a Changing Europe
...The period ahead could see a reversal of the ‘peace dividend’ which the UK has enjoyed over the last 60 years. The reduction of the defence budget from 10% of GDP in 1952 to around 2% today has made it possible to increase the percentage spent on the NHS without a commensurate increase in taxation. But further reductions in defence spending are unlikely, and Johnson has suggested that current commitments mean it would have to rise to some 2.5% of GDP by the end of the decade. Liz Truss has suggested an increase to 2.5% by 2026, and to 3% by 2030....