sabreW4K3@lazysoci.al to UK Politics@feddit.uk · 3 days agoUK vows to spend 5% of GDP on national security by 2035www.bbc.comexternal-linkmessage-square6linkfedilinkarrow-up12arrow-down10
arrow-up12arrow-down1external-linkUK vows to spend 5% of GDP on national security by 2035www.bbc.comsabreW4K3@lazysoci.al to UK Politics@feddit.uk · 3 days agomessage-square6linkfedilink
minus-squareSaleh@feddit.orglinkfedilinkarrow-up1·3 days agoInstead of talking percentages, lets talk numbers (values in Dollars because scraped from Wikipedia): UK GDP 2025 (fiscal year is April-march apparently) $3.84 trillion 1% = $38 billion 2% = $76 billion 3.5% = $134 billion 5% = $190 billion
minus-squareHumanPenguin@feddit.uklinkfedilinkEnglisharrow-up0·edit-23 days agoCool. Personally I find it easier to picture % of GDP then number. And find exact number less informative. Billions are just to large a number to visualise. But can understand others may see things differently. So to add. GDP is the total of all final goods and services purchased in the UK. So for every £20 you spend on living costs. £1 is expected to go to defence. For a better comparison. Under £4 goes on VAT as many items are at lower rates. Either way. It’s a pretty huge % of government revenue. £192 billion is also what the DHSC expects to spend on the NHS for 2024-25.
Instead of talking percentages, lets talk numbers (values in Dollars because scraped from Wikipedia):
UK GDP 2025 (fiscal year is April-march apparently) $3.84 trillion
1% = $38 billion
2% = $76 billion
3.5% = $134 billion
5% = $190 billion
Cool.
Personally I find it easier to picture % of GDP then number. And find exact number less informative. Billions are just to large a number to visualise.
But can understand others may see things differently.
So to add. GDP is the total of all final goods and services purchased in the UK.
So for every £20 you spend on living costs. £1 is expected to go to defence.
For a better comparison. Under £4 goes on VAT as many items are at lower rates.
Either way. It’s a pretty huge % of government revenue.
£192 billion is also what the DHSC expects to spend on the NHS for 2024-25.