STORY
On the 80th anniversary of Victory in Europe (VE) Day, Prime Minister Sir Keir Starmer outlined a comprehensive vision for a “defence dividend” aiming to intertwine national security enhancements with economic revitalisation. Speaking at the London Defence Conference, Starmer emphasised that increased defence spending should directly benefit working people across the UK. “Our task now is to seize the defence dividend—felt directly in the pockets of working people, rebuilding our industrial base, and creating the jobs of the future” Starmer stated. He announced a £563 million contract awarded to Rolls-Royce for the maintenance of the Royal Air Force’s Typhoon jets, highlighting it as a significant investment in Britain’s engineering sector.
The Prime Minister’s address also underscored the necessity of a unified national effort, calling on the state, businesses and society to collaborate in bolstering the nation’s security and prosperity. This initiative comes in response to shifting global dynamics, including the United States’ reduced role in European defence under President Donald Trump, prompting the UK to increase its defence spending to 2.5% of GDP which is the highest since the Cold War.
Defence Secretary John Healey echoed Starmer’s sentiments, warning that global threats are at their highest since 1945, with Russia’s actions in Ukraine serving as a stark reminder of ongoing international tensions. Healey emphasised the importance of national unity and proactive efforts to secure peace in Europe today. While the government’s commitment to increased defence spending aims to strengthen national security and stimulate economic growth, public opinion remains divided. Recent polls indicate that only 35% of the population supports increased defence expenditure, highlighting the need for transparent communication about the benefits of such investments.