(4 weeks, 1 day ago)
Commons ChamberYes; it is a serious point. In the time we had available, I was most anxious to discuss the question of security guarantees, and that is why I devoted the vast amount of time I had to it. On the question of Canada, we should be absolutely clear that Canada is a vital ally to the United Kingdom and to the Commonwealth, and has played a leading part in relation to Ukraine—not least in the vital training that it has provided. We should be very proud of what the Canadians have done.
I put on the record my thanks to the Prime Minister. I know that the entire House thanks him for the leadership that he showed over the weekend. In his statement, he talked about stepping up the economic pressure on Russia. As things stand, we know that Russia is circumventing the oil price cap. Its oil is being sold above $60, and around $190 billion flowed to Putin from oil sales last year. We in this country are in a unique position to enforce the cap because the insurance that the tankers depend on is written in London. Will the Prime Minister assure us that he will strengthen the oil price cap as much as possible, and may I request a meeting with a Minister to discuss in more detail how we might strengthen it?
My hon. Friend is right: we do need to take further measures. That is why we have taken specific sanctions against the shadow fleet and oil producers—to tackle that very issue.
(1 month, 1 week ago)
Commons ChamberObviously in the short term, we have to make decisions between the here and now and the commitment to 2.5% in 2027. Having looked at the available options, this was the choice that had to be made, and that I think would have been made by any serious Prime Minister making the commitment that I have made today. Of course, we need to look at other things as we go forward from here. Many people across the House have mentioned, and I have set out, the ambition of getting to 3%, but I will put forward only credible costed plans to this House, not fantasy figures. [Interruption.] The Opposition chunter away, but this is a moment for a serious, costed plan. It is not the time for ridiculous, uncosted plans.
I thank the Prime Minister for his statement. I think the entire House agrees that our safety and that of our allies depends on showing Putin that we have the resolve and resources to defeat him. We are far more prosperous than he is: European NATO’s GDP is $24.5 trillion, and Russia’s is only $2 trillion. Clearly, the matter before us is converting those resources into fighting forces and matériel in the years ahead. Can the Prime Minister assure me that the strategic defence review and our defence industrial strategy will ensure that we have long-term orders that give us the capacity that we need, as well as secure supply chains, inputs such as steel and, of course, the ability to scale rapidly if we need to rearm?
I thank my hon. Friend for raising those points. They are all important, and of course, they have to be hardwired into the work we do as we go forward.