Monday 17th November 2014

(9 years, 5 months ago)

Commons Chamber
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Lord Cameron of Chipping Norton Portrait The Prime Minister
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We first need to recognise that this year has seen the largest fall in unemployment in Britain since records began, and it is a complete fiction to say that all those jobs are low paid. That is not the case. A lot of those jobs are in more skilled professions where the pay levels are higher. On productivity, it is of course an important challenge for the UK, but I would say that one hopeful sign is that the increase in business investment—a key component of GDP—has rapidly increased this year and it can lead to an increase in productivity.

Julian Lewis Portrait Dr Julian Lewis (New Forest East) (Con)
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Would it not send a very bad signal to President Putin when he is eyeing up the Baltic states if Britain fell below the NATO recommended minimum of 2% of GDP going on defence? Will the Prime Minister give an undertaking not to do that as long as he is in office?

Lord Cameron of Chipping Norton Portrait The Prime Minister
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We have set out our plans for this Parliament, and we will have to set out our plans for the years ahead at the next election. As I said, we have maintained a £33 billion defence budget—one of the top five in the world. The most important message for the Baltic states is that they are full members of NATO. I think they are very grateful for that when they see the destabilisation that is taking place in other parts of the world. We need to guarantee to them that being full members of NATO means just that.