Fiscal Policy: Defence Spending

Jim Shannon Excerpts

Monday 27th January 2025 Commons Chamber

[Jim Shannon (Strangford) (DUP)]

Thank you very much, Mr Speaker. I am the new Member for many places.

I thank the Minister very much for his answers. I ask him very respectfully whether he agrees that the story in the press this week about the proposed sale of Navy ships to Brazil, when our fleet already appears depleted, is worrying? There is a need to increase our defence spending, not simply to fulfil international obligations but to be in a position to defend ourselves in the frontier of the cyber-security world, and in the physical world as well. Will the Minister reassure this House that the decisions that are made have been future-proofed with our security in mind—the security of all of us in the United Kingdom of Great Britain and Northern Ireland—and prioritised as such?

[Luke Pollard]

That is precisely the reason why the Prime Minister commissioned the strategic defence review within two weeks of coming to office, to assess the changing context that we are facing but also the changing capabilities that we need, as a nation, to keep us safe. That includes retiring old capabilities, especially capabilities that were never planned to go to sea again—a decision made under the last Government. We have already increased defence spending in the Budget—it is up by £2.9 billion—and we will set out a path towards spending 2.5% of GDP on defence in the spring.