Rishi Sunak to announce funding before next week’s budget, aimed at urgently modernising military

Britain’s armed forces are expected to receive a multibillion-pound two-year spending boost to urgently modernise an army described as “15 years behind its peer group” by the defence secretary, Ben Wallace.

Wallace told a conference he hoped to secure a longer-term commitment to ensure that “defence will have a greater share” of government spending, although it is unclear what status any promise that would apply after an election would have.

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