In July, UK Chancellor George Osborne announced that Britain would commit to its NATO defense spending pledge of two percent of the gross domestic product in the member country over the next five years.
"The cornerstone of our defense will remain the two-percent spending that we have committed to, with the increased defense budget in this parliament, with the membership of NATO, and Britain’s own independent nuclear deterrent as the ultimate insurance policy in what is a dangerous world," he claimed.
"National security is the most important thing a government can deliver and we will never fall short," he reasserted.
Osborne said late August that London had allocated the equivalent of $771 million to fund the Royal Navy’s Faslane, Scotland, submarine base.
The base is the only UK facility capable of accommodating the country’s four Vanguard-class Trident ballistic-missile-armed submarines.
Cameron’s Conservative Party, emerging victorious in the May 7 general election, had pledged to upgrade the aging Trident system.