Defence spending in western and central Europe tops last year of cold war

Stockholm International Peace Institute’s annual report finds UK was region’s biggest spender in 2022 at $68.5bn

Defence spending in western and central Europe has surpassed that of the last year of the cold war, an annual report has found, as military expenditure across the world hit an all-time high of $2.24tn (£1.8tn) last year.

The outbreak of war in Ukraine has triggered the steepest increase in military expenditure in Europe in three decades, according to the Stockholm International Peace Institute (Sipri).