Budget: Hammond says extra £1bn to be given to the MoD

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The money will also go on Dreadnought – the UK’s nuclear deterrent submarine programme

The chancellor has pledged an extra £1bn, between now and the end of next year, to boost the UK’s defences.

In his Budget speech, Philip Hammond said the plan was to modernise key areas such as anti-submarine warfare and expertise in cyber offensives.

The extra £1bn for defence comes on top of an £800m increase in the summer.

But that still falls short of a suggested £20bn increase that was proposed in June by the Commons defence select committee.

It said at the time that the Ministry of Defence’s budget should rise from 2% of GDP (£40bn) to 3% (£60bn).

The committee’s report highlighted the “black hole” in the existing MoD budget.

Speaking after Mr Hammond’s Budget speech, Defence Secretary Gavin Williamson said the extra funds represented a “substantial financial boost”.

“Not only will this funding ensure we continue to have world-leading armed forces but will also allow defence to modernise our critical assets, such as our offensive cyber capabilities, anti-submarine warfare and our nuclear deterrent,” he said.

Among the defence programmes that will benefit from the extra cash is the UK’s continuous at-sea deterrent Dreadnought.

Its submarines will carry the Trident nuclear missiles when the current Vanguard class is scrapped.

Mr Hammond said in his speech the extra defence funding was prompted by “stark reminders in the past year of the scale, scope and complexity of the threats we face”.

He also promised a further £160m to fund counter-terrorism policing.

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