Thursday 9th July 2026

(1 month ago)

Commons Chamber
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Yvette Cooper Portrait Yvette Cooper
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Thank you, Madam Deputy Speaker.

For most of the period before the election, defence spending was nearer 2% of GDP. That is just too low, which is why we are increasing it; we have already increased it from 2.3% to 2.7%, and we have committed to go further. That has involved some difficult decisions, including on official development assistance and other areas. I hope the whole House will support that increased investment in defence, because ultimately, it underpins the security of our country and the security of our future.

Liam Byrne Portrait Liam Byrne (Birmingham Hodge Hill and Solihull North) (Lab)
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I very much welcome the Foreign Secretary’s statement. The alliance is growing stronger by the week, but it is clear now that national security rests on economic security. Can she update the House on what conversations she had about how the allies will come together to build and enlarge an arsenal of democracy for the 21st century, whereby we collaborate on defence industrial policy and defence finance strategy on a wholly new scale that is fit for this new age of insecurity?

Yvette Cooper Portrait Yvette Cooper
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My right hon. Friend makes a really important point. There are links between our national security and our economic security; they are closely intertwined. That comes from the fact that if our economic security is jeopardised, including through things such as the closure of the strait of Hormuz, it has an impact on our national security and particularly on supply chains for critical minerals, for example, which may be crucial to our defence. As we increase the demand and procurement for and investment in defence, it is crucial that our supply chains and our defence industry collaboration across allies can keep up. That is why we had a meeting of Foreign Ministers at Ankara specifically about how we can better collaborate and integrate aspects of our defence industry. That is what supports tens of thousands of jobs here in the UK, but we need to do it in collaboration with other countries.