G7 and NATO Summits

Lord Campbell of Pittenweem Excerpts

Thursday 17th June 2021 Lords Chamber

[Baroness Evans of Bowes Park (Con)]

As I said, this was a major breakthrough, and different countries of course have different views on what the minimum rate will be. Compromise is necessary to reach the final agreement among the 130 members of the OECD inclusive framework, but we think that the position agreed at the G7 is one that the OECD and G20 can coalesce around.

[Lord Campbell of Pittenweem (LD)]

My Lords, I join in the congratulations to the Prime Minister, not least on his theatrical prowess, because yesterday he gave a very good performance of Dr Pangloss in the other place. I return to the point so ably made by the noble Lord, Lord West. Do the Government really appreciate that the ambitions contained in the integrated review and the agreement in Brussels for the “wholesale modernisation” of NATO will require a much larger defence budget than at present, including even the £16 billion promised by this Government over the next four years?

[Baroness Evans of Bowes Park (Con)]

As I said, it was a very successful summit. I said in response to an earlier question that non-US allies within NATO are increasing their defence spending. The decisions and agreements made at NATO aligned very much with the integrated review, so we will certainly play a leading role, as we always do, in helping to move this forward.