(6 years, 3 months ago)
Lords ChamberThere was general agreement that there was an urgent need to step up defence spending. All allies agreed to it. The 2% is by 2024.
My Lords, the 2% for NATO is well understood, but the United Kingdom aspires to much more than just operating in the NATO context. There is now talk of a global Britain post Brexit, with deployments to the Far East of maritime and air forces, and we have already seen some of that. Surely 2% is not enough to cover such commitments and more should be made available to defence.
Our modernising defence programme is obviously critical. We want to play a global role and we will continue to fund defence as we see fit to meet our global obligations.