Ministerial Correction

Thursday 29th October 2015 Ministerial Corrections

Thursday 29 October 2015

Defence

Thursday 29th October 2015 Ministerial Corrections

Defence Expenditure (NATO Target)

The following is an extract from the speech of the Minister for Defence Procurement (Mr Philip Dunne) on Second Reading of the Defence Expenditure (NATO Target) Bill on 23 October 2015.

[Mr Dunne]

The Chancellor announced two increases in defence budgets for the coming years of this Parliament. First, there was the 0.5% real-terms increase each year and secondly the opportunity to bid into a new joint security fund, alongside security agencies, that would reach £1.5 billion in 2019-20.

[Official Report, 23 October 2015, Vol. 600, c. 1322.]

An error has been identified in the response I gave to the debate on Second Reading of the Defence Expenditure (NATO Target) Bill on 23 October 2015.

The correct response should have been:

[Mr Dunne]

The Chancellor announced two increases in defence budgets for the coming years of this Parliament. First, there was the 0.5% real-terms increase each year and secondly the opportunity to bid into a new joint security fund, alongside security agencies, that would reach £1.5 billion in 2020-21.