Lord West of Spithead (Lab)

My Lords, our Armed Forces and our defence industries are, I believe, teetering on the brink of disaster due to lack of investment over certainly the past 15 years but actually even longer and lack of decisions recently about spending the money that apparently is being released for defence. There is no doubt that they are in a very parlous state. As an aside, I must say to the Minister how proud I was to see him honouring a relative, who I think had exactly his name, who was lost in the fighting in Normandy. One has to say that things such as fighting in Normandy happen when you do not have sufficient defence forces and deterrence has failed. That is the position we have got ourselves into. In 1982, Margaret Thatcher released £2.5 billion at 1982 prices when the Argentinians invaded the Falklands. Where she found that money I do not know because economically things were not good. What are we doing to identify where the money can be found quickly to cover what needs to be spent now? I know he is very loyal, but there is no doubt that he is scarred by the shambles of the defence investment plan. What are we doing about finding that money and getting going? Otherwise, we have a real problem.