Ministry of Defence written question – answered at on 14 February 2018.
To ask Her Majesty's Government what inflation rates they are assuming for each of the next five years in planning for defence budgets to rise by inflation plus 0.5 per cent.
Economic forecasts, including for inflation, are provided by the independent Office for Budgetary Responsibility (http://obr.uk/report/economic-and-fiscal-outlook). The Ministry of Defence's (MOD) budget was set at Spending Review 2015 and runs to 2020-21. This meets our commitment to increase MOD's core budget by 0.5% above inflation each year.
Yes0 people think so
No0 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.