Rebecca Smith

Rebecca Smith

Conservative — South West Devon

Speaking in the House of Commons on 23 June 2026

Debate

Defence Investment Plan

Contribution

The former Defence Secretary has blown apart the defence investment plan, revealing that the Treasury was prepared to offer only a pitiful increase in defence spending—just 0.08% by 2030—despite growing threats across the world. At the same time, the Treasury continues to fork out billions for welfare and the net zero agenda. Innovative small and medium-sized enterprises in defence are effectively locked out of MOD contracts and denied the opportunity to scale their capabilities. As the Chief of the Defence Staff put it, “the price of peace is increasing”. Will the Chancellor commit this morning to filling the £28 billion gap in defence investment by 2030 to secure our position on the world stage, or will she stand in the way of the delivery of the DIP that we need?

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