The following is the July 18, 2023, U. Therefore, in the Spring Budget the Government agreed that the Ministry of Defence (MOD) would receive a further £5 billion of additional funding over two years – in addition to the £24 billion received in cash terms (over four years) in 2020. In this more contested world, deterrence is more important than ever, underpinned by the capabilities and alliances that will enable us to fight and win if needed