UK defence is funded from general taxation with no dedicated tax. The government is increasing spending to almost £80 billion annually by 2029/30 under the Defence Investment Plan, reaching 2.7% of GDP and aiming for 3% in the next Parliament. This funds equipment, the nuclear deterrent, and warfighting readiness amid rising global threats and social spending pressures.
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5 Opinions
It already comes out of our taxes. I'll not deny our defence needs more money, other countries in Europe seem to be taking the underlying threat of WW3 far more seriously than the UK, as a country, we are slow at seeing what is under our noses. However, I can see that having a dedicated defence fund will upset a lot of people who are conscientious objectors, which, given the current attitude of some, could lead to unfortunate difficulties.
It should come from General Taxation and be maintained at 3% GDP minimum. (as per our NATO commitment). Governments should be legally compelled to maintain this level.
When “defence” means “helping another nation commit genocide”. The one honest thing the Trump regime has ever done is renaming theirs Department of War.
I'd hypothecate it away from general taxation so we can see it. And they are under pressure to justify rises and reductions, as they are with NI.
No more taxes. Dedicated, temporary, pseudo taxes. If there is not enough money in the purse - than services need to be limited. Public sector need to make substantial cuts - 1/2 of employed, cut bureaucracy and improve productivity. Welfare also needs to reduced to bare minimum (pensions are not welfare BTW). Public money need to be watched 10 times before spending.