Defence Spending Priorities: NATO Summit

Lord Browne of Ladyton Excerpts

Wednesday 6th July 2022 Lords Chamber

[Baroness Goldie (Con)]

The Prime Minister has made it clear that the investments we propose to embark on, such as AUKUS and FCAS, will mean that defence spending will reach 2.5% of GDP by the end of the decade. It is currently projected to reach 2.3% of GDP this year. We constantly assess the threat and our ability to respond to it, which is a responsible way to proceed.

[Lord Browne of Ladyton (Lab)]

My Lords, on Monday in the other place, while making a Statement, the Prime Minister was on more than one occasion asked a variant of the excellent question that the noble Lord, Lord Campbell of Pittenweem, asked. He never once answered the question but twice prayed in aid what he called the “gigantic” commitment we are making to the AUKUS agreement and how it will increase defence spending very considerably, taking it over the target of 2.5%—those are not the exact words but that is what he said. On 16 December when he made the initial Statement about AUKUS he said nothing about predicted costs. On the contrary, he said that AUKUS came with lucrative defence and security opportunities. There is no information in the public domain on the predicted cost of AUKUS so where can I find the evidence of the gigantic commitment we seem to have made, that only the Prime Minister seems to be aware of?