Mr Tanmanjeet Singh Dhesi

My hon. Friend is right that we need to increase defence spending to the agreed NATO target of 5% in total—3.5% on conventional military spend and 1.5% extra on defence and security-related matters. However, as she rightly points out—and she has made similar points in discussions before—we must ensure that we get full bang for our buck, and we must also ensure that we have sovereign capability, and not just in the medium term, but in the long term. Everything in deterrence theory tells us that waiting makes conflict more likely, not less. Russia is running a war economy now, and China has indicated that it wants to be ready to seize Taiwan by next year. As the Defence Committee heard last month, it does not make sense to say that we think we will be ready by about 2030. We also need to be honest about how much we should abuse the debt of peacetime to allow our armed forces to become hollowed out. We need to stop pretending that we can still operate as if we were a global power with historic reach. Our Committee has heard repeatedly that the gap between political ambition and real-world capability is widening, and that that gap risks undermining operational readiness, long-term planning and industrial confidence.