Defence Spending Debate

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Department: HM Treasury
Thursday 16th March 2023

(1 year, 9 months ago)

Lords Chamber
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Baroness Penn Portrait Baroness Penn (Con)
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We welcome the contribution from all our allies and partners. I think I have been clear that nearly £5 billion of the £11 billion of additional funding is over the next two years. We have provided clarity beyond the existing scorecard period to help facilitate long-term investment in our future defence.

Lord Cormack Portrait Lord Cormack (Con)
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Can my noble friend clarify a statement she made in answering the noble Lord, Lord Campbell of Pittenweem? Did she really say that none of this money is going to be needed to replenish the armaments we have sent to Ukraine? A simple yes or no will do.

Baroness Penn Portrait Baroness Penn (Con)
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I believe I said earlier that one of the things we will be able to do with our funding is bolster our conventional stockpiles. But I want to be clear with noble Lords that the £2.3 billion commitment we made to Ukraine in 2022-23, which we are also matching going into next year, is over and above the money I have set out today.