Spring Forecast Debate

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Department: HM Treasury

Spring Forecast

Caroline Dinenage Excerpts
Tuesday 3rd March 2026

(1 day, 9 hours ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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Constituents in my hon. Friend’s Newport constituency will benefit when they commute to work or college, or travel to meet friends in Cardiff, Swansea, Bristol and elsewhere. In addition, we are building new railway stations and investing in new transport infrastructure in Wales with the £450 million that we announced at the spending review last year.

Caroline Dinenage Portrait Dame Caroline Dinenage (Gosport) (Con)
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The Chancellor’s words on defence simply do not reflect the reality, at a time when the world has never felt more unstable. Every corner of our armed forces is being asked to find cuts. People in Gosport need only look out of their window to see that all our Type 45 destroyers are laid up in Portsmouth harbour, and this is the first year since the 1980s that we have not had a ship in the Gulf, at a time when the middle east is a tinderbox. The Royal Fleet Auxiliary is on its knees, and defence companies are being tied up with bureaucracy, dither and delay. The Chancellor has mentioned a couple of contracts, but so many of them are bogged down with dither and delay from this Government. She is gaslighting the British people. This is a disaster for our defence, and for our armed forces. When will she face reality?

Rachel Reeves Portrait Rachel Reeves
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I am the Chancellor who has overseen the biggest uplift in defence spending since the end of the cold war. We are spending more on defence than the previous Government were spending. That is why I was able to announce a helicopter contract worth £1 billion yesterday. It is why a new frigate came from Rosyth last week, and it is why we have been able to invest in the Typhoon jets. I will not take any lessons from the Conservatives, when we are increasing defence spending and they oversaw a cut.