(3 days, 18 hours ago)
Lords ChamberWe are working very hard on the Chelsea Football Club issue. It is quite difficult legally, but my noble friend is right to remind us about it and we are working on it at pace. I hear what he says about development spending and I would expect him to say nothing else. This is not a decision that anyone has taken lightly or glibly; it is a decision that had to be taken, because we needed to act quickly in this situation. We must go after Russian assets as well, but we needed to take this decision today to make sure that we have the investment in defence to provide the stability and security that we all need.
The noble Baroness is not wrong. Obviously, it would be great to be able to do all the things that she describes everywhere that we would like to do them, but we have to be honest and realistic. At this moment, we had to make a decision to invest more in defence for the reasons that we all understand. It is a trade-off. This is not a decision with no consequence or that we are entirely pleased to be making, but one that I am proud that we have made. It is a clear choice. It will keep the world and our citizens safer. That is the right thing for this Government to have done.
Part of the defence review will examine exactly that question. What has become clear as this conflict has progressed is that part of the battle is about defence production and capability, so our decisions on spending today will enable us to support Ukraine more securely into the future.
My Lords, is the Minister aware that many of us on these Benches are deeply appreciative of the action taken by the Prime Minister? He has had to make unbelievably difficult decisions, but the problem is that he will have to make even more difficult decisions in the future.
That is undoubtedly true, but I believe that he is the right person to be in that particular role at this particular time, because making difficult decisions is his job and what he is good at. I think he made a good decision today, and I have every confidence that he will continue in that way.