Debate on the Address

Debate between Bob Stewart and Alan Mak

Monday 14th October 2019 Commons Chamber

[Bob Stewart]

My hon. Friend says we aim to spend 2.4% of GDP on R&D. If that is correct, it is an enormous amount of money. To put it in context, it is way more than our defence budget.

[Alan Mak]

My hon. and gallant Friend is right that 2.4% is a huge investment, but it is welcome that the Government are investing so much in this area. I hope the defence budget will increase to the same level.

[Bob Stewart]

And to 3%.

[Alan Mak]

And to 3%, which is where we need to be on R&D.