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Lord Tyrie (Non-Afl)

Speaking in the House of Lords on 26 March 2026

Debate

Middle East: Economic Update

Contribution

My Lords, as I understand it, the Government’s commitment on defence spending is to increase it from the 2.3% of GDP that it inherited to 2.6% of GDP, which the Minister has reiterated now. In the 1930s, in the five-year period after 1933, defence spending in this country increased from about 2.3% to 6.8%, which is a trebling. Do the Minister and the Government appreciate that, to deal with the scale of the threats with which we are now faced, we need to take dramatic action on defence—to increase it at considerable pace, far faster than the 0.3% to which the Government are committed at present?

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