Defence Investment Plan

Iain Duncan Smith Excerpts

Tuesday 30th June 2026 Commons Chamber

[Dan Jarvis]

I am grateful to my hon. and gallant Friend, who makes an important point. It is right to emphasise that we are the third-largest spender of resource on defence in NATO. He is right to point out the £63 billion that has been committed over the next four years. That is a very large figure, and a very significant commitment. As he will know very well, not least because his constituents benefit from that investment, it also means good, skilled jobs for people right around the country, including in his constituency.

[Sir Iain Duncan Smith (Chingford and Woodford Green) (Con)]

Is it not the reality that the plan the Defence Secretary has put forward barely scrapes into 2.7%? It is not 3%. It leaves us £9.3 billion short, every single year of the process. If he is not going to achieve 3% by 2030, how in heaven’s name will he ever achieve the NATO minimum by 2035? It is not going to happen in ’35. He will not get 3.5% out of this Budget, will he? Will he give us the dates?

[Dan Jarvis]

I do not agree with the right hon. Gentleman. The defence investment plan represents a very significant commitment from this Government on defence spending—nearly £300 billion over the next four years. There is £15 billion of new money in this plan. He has heard the point I made about the real-terms spending increase of 27%. I have been very clear about the need to spend more on defence, and the fact that the next spending review will provide the resource required to chart the trajectory from 3% to 3.5%. I agree with him that that is precisely what our allies want to see, and I am confident that we will make good on that commitment in the context of the next spending review.