Middle East: Defence

Alex Baker Excerpts

Monday 9th March 2026 Commons Chamber

[John Healey]

I am grateful for the right hon. Gentleman’s remarks about our armed forces and will ensure that they are passed on. I had not realised he was an honorary citizen of Cyprus; I hope he will appreciate that, as I confirmed in my statement, the head of the national guard has confirmed that co-operation between our militaries has never been closer. I hope he will also appreciate that the defensive capabilities and activities that we are running from Akrotiri are part of defending not just our base, but our people right across Cyprus and the island of Cyprus itself. From that island, we can also help to defend regional allies, which we are doing.

[Alex Baker (Aldershot) (Lab)]

I thank the Secretary of State for everything he is doing to support all my constituents in the region and to keep them safe. I know that he and I share the priority of getting our serving personnel the capabilities that they need. In the light of the movements we have seen today in the gilt and bond markets, which underline the pressure on Governments to finance increased defence spending, does the Secretary of State agree that we should explore innovative multilateral financing mechanisms, such as the Defence, Security and Resilience Bank, to help to unlock the capital our defence industrial base needs to grow?

[John Healey]

I do, and we are. My hon. Friend will also have noted the Prime Minister’s important speech at the Munich security conference a couple of weeks ago when he recognised that in this new era of threats we face, this is now an era of hard power. He has recognised the need to spend more on defence and to spend it faster.