At last, defence has been saved from further cuts
So much has happened in this Budget that it’s easy to overlook one of the most important announcements: that George Osborne will, after all, fit a lock on defence spending to make sure that it stays at 2 per cent of GDP until 2020. The Spectator has been calling for this for some time; I called for it again last week – and, to be honest, more in hope than expectation. But the Chancellor has delivered; his pledge is watertight. The MoD had thought that defence spending (as defined by Nato) was set to slip to 1.85 per cent of GDP within five years – and filling that gap would cost £3.23