Nick Watts was at the launch of The Military Balance 2017
There has been much discussion of late in defence circles, concerning the level of defence expenditure, particularly compared to the US. This discussion was fuelled at the launch of the 2017 Military Balance published by the London base International Institute for Strategic Studies (IISS). By their calculation, the UK's expenditure as a percentage of GDP fell below the critical 2% level pledged by members of the NATO Alliance to 1.98% in 2016. This is explained by IISS as due to the UK's economy expanding faster than its defence expenditure.