National Security: Increasing defense spending can enhance national security by ensuring the armed forces are well-equipped and prepared to address new threats, including cyber threats and terrorism.
Global Positioning: Higher defense budgets can help the UK maintain its standing on the global stage, fulfilling its commitments to NATO and other alliances, and contributing to international peacekeeping efforts.
Economic Benefits: Increased defense spending can stimulate economic growth through job creation in defense industries and technological innovation.
Cons:
Resource Allocation: Critics argue that increasing defense spending means less funding for other critical areas like healthcare, education, and social services, which also contribute to national security in broader terms.
Escalation of Arms Races: Higher defense budgets can contribute to global arms races, potentially increasing tensions with other nations and diverting resources from diplomatic solutions.
Questioning Efficacy: There is debate over whether increased defense spending actually leads to significantly improved security outcomes, with some suggesting that strategic investments and reforms could be more cost-effective.