Chancellor John Healey faces growing calls to increase funding for the Armed Forces amid escalating tensions over the Falkland Islands. Military experts have raised concerns about Britain’s current ability to defend the territory should Argentina attempt to repeat its 1982 invasion. The warnings arrive as Healey prepares to address economic worries in a speech aimed at reassuring markets after borrowing costs reached their highest level in nearly three decades.

The dispute over the Falklands has intensified following remarks by Argentina’s President Javier Milei reaffirming the country’s claim to the islands and signaling efforts to restrict oil exploration in the surrounding waters. This development followed comments from former U.S. President Donald Trump suggesting that U.S. support for the United Kingdom’s position was “under review,” adding uncertainty to the geopolitical landscape.

Britain currently relies on contingency plans that involve deploying troops and helicopters to the Falklands via Airbus A400M aircraft from RAF Brize Norton. Alternatively, a naval task force similar to the one assembled under former Prime Minister Margaret Thatcher in 1982 could be mobilized, although this would depend heavily on support from NATO submarines. However, several defense analysts express doubts about the United Kingdom’s readiness for such a scenario.

Tim Ripley, a senior analyst at Defence Eye, said the UK’s military presence on the islands is minimal, with only enough capacity to hold the garrison until reinforcements arrive. He noted particular vulnerabilities, including the absence of military helicopters, frigates, and submarines in the area. Ripley warned that should Argentina target key infrastructure such as the runway or carry out an asymmetric assault on less-defended outlying islands, the UK could face significant difficulties in responding swiftly.

Labour’s Shadow Chancellor Andrew Griffith criticized Healey’s allocation of funds, calling for a re-prioritization of government spending away from welfare programs toward national defense. He argued that current policies undermine Britain’s security and embolden potential adversaries.

The Falklands garrison currently consists of approximately 120 infantry soldiers, supported by four Typhoon fighter jets and the Sky Sabre air defense system, which has a limited missile stockpile due to the perceived low risk of conflict from Argentina. Historically, a Royal Navy nuclear submarine has served as a critical protective measure, with regular deployments to the South Atlantic continuing until 2024. Delays in the production of Astute-class attack submarines and maintenance issues have left the Royal Navy unable to maintain such a presence, compounded by the absence of a frigate, which restricts operations around other strategic locations like South Georgia.

Argentina has meanwhile bolstered its military capabilities with recent acquisitions including 24 U.S.-manufactured F-16 fighter jets from Denmark and advanced armored vehicles from the United States.

A Ministry of Defence spokesperson dismissed claims about insufficient UK defenses, stating that the government remains fully capable of ensuring the security of the Falkland Islands and is committed to protecting the Islanders’ right to self-determination. The debate over defense funding and capability comes as the Labour government seeks to balance fiscal discipline with national security priorities, with Healey’s upcoming speech expected to address these challenges.