L

Lord Coaker (Lab)

Speaking in the House of Lords on 15 January 2026

Debate

Ministry of Defence: Budget Shortfall

Contribution

The defence investment plan will deal with choices according to the budget that it has set for it. Even if you increase the budget, you still have to make choices about what you spend that money on. The Chief of the Defence Staff and the other chiefs are involved in this, discussing what capabilities we need, with the budget that we have, to ensure that we have the war-fighting readiness we need. Those choices are taking place. Considerable sums of money are being spent at present—billions of pounds. I keep repeating this: under current plans, the total budget in 2024-25 was £60.2 billion; in 2008-29, on current plans, it will be £73.5 billion. Billions of pounds of additional money is being spent. We are seeking to ensure that we spend it properly and appropriately to fight the wars of the future.

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