Defence Spending Debate

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Department: Ministry of Defence

Defence Spending

Marco Longhi Excerpts
Wednesday 24th April 2024

(7 months, 4 weeks ago)

Commons Chamber
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Grant Shapps Portrait Grant Shapps
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My hon. Friend is absolutely right. I predict that companies in Stroud will do very well from this if they are producing innovative and useful equipment for our armed forces. I take on board her point about small and medium-sized enterprises. When I was running my printing business and companies paid late, it would put huge pressure on cash flow. One of the great things that this Government have done is speed up the necessity for large organisations, particularly the primes, to pay properly and on time.

Marco Longhi Portrait Marco Longhi (Dudley North) (Con)
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It is great to hear the Secretary of State’s announcement about the £75 billion investment. Does he agree that it sends a clear signal to our brave armed forces that the party in government backs them, to the country that we back defence of the realm, and to companies in our supply chain up and down the country, including those in my constituency, that we back job security? It also exposes the Opposition as having no plan at all for defence.

Grant Shapps Portrait Grant Shapps
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My hon. Friend hits the nail on the head. The Prime Minister made the announcement yesterday in front of British troops, who are out in Poland doing incredible work. The reassurance of the idea that there is a period of time leading up to 2.5%, with the first increase coming immediately, really helps them to do their job, because they know that they are wanted and trusted, and that we honour their work. I agree with the other comments he made. It is a shame that there has not been an entirely cross-party welcome for the announcement.