In this paper, we discuss:

  • Why Europe’s rearmament ambitions are colliding with fiscal constraints and competing social spending priorities.
  • How governments face difficult trade-offs between higher defence spending, increased taxes, greater borrowing, and welfare cuts.
  • Why the UK’s defence strategy has been criticised for lacking a credible funding and implementation plan.
  • How public support for stronger security coexists with limited appetite for significantly higher defence spending.
  • Why sustaining Europe’s long-term rearmament agenda will require balancing geopolitical objectives with social cohesion.

Download PDF: Rearmament in Europe – June 2026

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