A policy paper by the Henry Jackson Society think tank said that the UK government actually must increase military spending by 0.2% for each of the next five years to reach 3% of GDP to keep pace with the global military threats.

Meanwhile, a senior Whitehall source told the Times: “You have the Treasury trying to balance the books so they can go home and sleep safely knowing their spreadsheets look really smart, unaware that the Ministry of Defence are going home at night actually very concerned that they are not able to defend our shores.”

Read more on the International Business Times