Fiscal Policy: Defence Spending Debate

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Department: Ministry of Defence

Fiscal Policy: Defence Spending

Dan Carden Excerpts
Monday 27th January 2025

(3 days, 23 hours ago)

Commons Chamber
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Luke Pollard Portrait Luke Pollard
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The strategic defence review will be published in spring this year, and the path to 2.5% will also be announced in spring this year.

Dan Carden Portrait Dan Carden (Liverpool Walton) (Lab)
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I am grateful to the Minister and his Department for setting out the need for increased defence spending because, like so many here, I believe we are living through a change of era where the assumptions of globalisation and multilateralism are being refuted by reality, and it demands the renewal of our modern productive power in defence and the civil economy. The simple reality is to that build strong alliances, we must maintain and build our autonomy. Is it not the case that the one key fact about all this is that to maintain a good relationship with the United States, we will have to spend more on defence?

Luke Pollard Portrait Luke Pollard
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I agree with my hon. Friend that we have to spend more on defence. I think everyone in this House agrees with that, and that is why this Labour Government are spending more on defence: an extra £2.9 billion as announced in the Budget and a pathway to spending 2.5% of our GDP, which will be announced later in the spring.