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Fact check: Defence spending fell below 3% of GDP in the 1990s

UK defence spending dropped from 3.9% of GDP in 1992 to 2.6% by 1997 during a post-Cold War global reduction, cutting 3% yearly in real terms, IFS reported.

Summary by Evening Standard
John Major’s government cut defence spending to below 3% of gross domestic product (GDP) in in 1995, and it has not risen above that level since.

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Evening Standard broke the news in London, United Kingdom on Thursday, January 8, 2026.
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