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Story summary
- The Office for Budget Responsibility estimates that 3% of GDP defence spending could cost £17.3 billion annually by 2029-30.
- The Institute for Fiscal Studies says the figure might be lower, around £13–14 billion.
- Currently, the UK spends about 2.3% of GDP on defence.
- In Munich, Sir Keir Starmer, Labour leader, urged higher defence spending to counter Russia.
- Treasury sources deny resistance to a 3% plan and say funding discussions continue.
