James MacCleary

James MacCleary

Liberal Democrat — Lewes

Speaking in the House of Commons on 4 March 2026

Debate

Ministry of Defence

Contribution

I thank my hon. Friend for his intervention; it is important that that question is answered. It is starting to look less like a plan and more like a convenient excuse for delay. The Liberal Democrats call on the Government today to commit to a firm publication date, not a vague promise but an actual date. Parliament and industry cannot plan without it. My party has put forward concrete proposals to accelerate defence investment, in particular through defence bonds. We have called on the Government to issue publicly available defence bonds, raising up to £20 billion for capital investment over two years, giving members of the public the direct opportunity to invest in Britain’s security, fixed- term, legally ringfenced to capital defence spending and capped at £20 billion. It is a tried and tested mechanism for mobilising public capital behind a national purpose. We keep hearing how urgent it is to invest, but there is no action.

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