James MacCleary

James MacCleary

Liberal Democrat — Lewes

Speaking in the House of Commons on 26 January 2026

Debate

Armed Forces Bill

Contribution

These are bonds issued to the public and to funds in the normal way, as all these vehicles are. They would be for people to invest in, so this would not involve cutting anything. It would be short-term borrowing that would fall within the Government’s existing fiscal rules, as we explained at the weekend. This is a serious proposal to increase defence spending in the short term, unlike the proposals from the Opposition, which, I understand, are for welfare cuts—a long-term measure that would fall on the most vulnerable in society.

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