M
Member
Speaking in the House of Lords on 3 February 2025
Debate
Fiscal Policy: Defence SpendingContribution
I am genuinely grateful to the honourable Gentleman for asking this Urgent Question. It gives me the opportunity to reiterate what the Prime Minister has said, what the Defence Secretary told the House on Wednesday last week, and what the Minister for Defence Procurement and Industry repeated in the House on Friday, which is that this Government have a cast-iron commitment to spending 2.5% of GDP on defence, and that we are already delivering for defence by increasing defence spending. At our first Budget, we announced an extra £3 billion on spending on defence in the next financial year”.
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