Britain plans to spend almost £300 billion ($397 billion) over the next four years to modernise its armed forces to counter rising threats, outgoing Prime Minister Keir Starmer announced Tuesday.

Starmer will publish full funding plans for the Defence Investment Plan (Dip), the government’s 10-year blueprint for the armed forces.

The new defence investment plan has allocated £14.5bn to fund Britain’s defence, still falling well short of the £28bn officials previously said was needed