Wes Streeting

Wes Streeting

Labour — Ilford North

Speaking in the House of Commons on 29 October 2026

Debate

Budget Resolutions

Contribution

I don’t care if he is the Chair of the Defence Committee. I would say it directly to him, and I am sure I will get the chance to say it to the entire Committee. It would be fair criticism if this Government had not already made decisions that are leading to the fastest increase in defence spending since the end of the cold war—not in future years but already, on the basis of our first two years in power. The Chair of the Defence Committee is a good friend, and I am sure that, just as I can take his criticism on the chin, he will take mine. I will gladly accept criticism where I think it is fair, but I robustly reject it where I think it is wrong. I have referred to the Conservatives’ record of 14 years in power. Let me contrast that with what I have presided over in the last 14 weeks: armed forces recruitment showing its longest run of growth for half a decade; 400 contracts signed, worth £4 billion; £400 million for spy drones for the Army; £135 million for Royal Navy torpedoes; £700 million for next-generation fighter jets; over £8 billion for our nuclear submarine fleet; and the UK’s sixth attack submarine and first ever space squadron launched. We have returned gun barrel manufacturing to the UK for the first time in decades; we are backing British industry to build the docks for our nuclear subs; we have increased monitoring of Russian vessels in the English channel; provided 50,000 apprenticeship opportunities for young people; welcomed record-breaking investment in Scotland; deployed our armed forces to help Saudi Arabia defend itself from Houthi attacks; bolstered support for Ukraine; and signed a landmark AI deal to access cutting-edge battlefield data. We have strengthened our NATO alliances, as I have visited Washington, Paris, Copenhagen, Warsaw, Reykjavík and Kyiv. We have mobilised with our allies in the Ukraine defence contact group, the E5 and the joint expeditionary force, and hosted our friends from Italy, Japan, Canada, Australia, Qatar and Oman as well as the NATO Secretary-General. And in case the Conservatives missed it, as their party leader seemed to yesterday, on top of the biggest sustained increase in defence spending since the end of the cold war, we have set out our target to spend 3% of GDP on defence by 2030. That is our record, and it is a record that the Conservatives cannot begin to touch. This is a Government who actually put our money where our mouth is—strengthening our armed forces, alliances and industrial base, and backing Britain by buying British. That is how to defend this country—not with the gimmicks and grandstanding of the Conservatives but by making this country ready with our allies to fight and win so that our adversaries think twice about launching an attack in the first place. The truth is that this is a more dangerous world, and that makes greater investment essential. Delivering what the Chancellor announced yesterday requires choices and trade-offs. We will ensure that every pound that we invest is well spent and creates jobs and opportunities—not just a Ministry of Defence but one of growth and opportunity. We will help to deliver the Prime Minister’s domestic agenda—stronger regional economies, a rebuilt industrial base, good jobs and better opportunities for the next generation. We will have a more resilient United Kingdom built by the British people to keep Britain safe. Spending on our defence is a measure of our commitment, but capability is a measure of our credibility. That is what this Labour Budget does, rooted in our values. It gives breathing space to working people. It gives us fresh hope for the future, and it strengthens the security on which we all depend. Building a Britain ready to fight and building a country worth fighting for—that is our record and plan. That is why I am proud to stand at this Dispatch Box and commend the Budget to the House.

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