John Healey

John Healey

Labour — Rawmarsh and Conisbrough

Speaking in the House of Commons on 1 June 2026

Debate

Defence Bonds

Contribution

With all due respect—and I have a great deal of respect for my hon. Friend—the biggest increase in defence spending since the end of the cold war is hardly the plodding path he describes. I welcome his Committee’s inquiry into defence investment and its report. I know that Gordon Brown, the former Prime Minister who has been commissioned by the Prime Minister to look at multinational financing of security, will use that report as an important part of his work, which I welcome. My hon. Friend will be aware that the Prime Minister said in his Munich speech in February that “We must build our hard power, because that is the currency of the age.” We know that we must spend more faster, and we will.

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