(4 weeks, 1 day ago)
Commons ChamberI completely agree with my hon. Friend’s point, which is that SMEs form a central part of our industrial base and can do more, if we encourage and enable them to do so, to boost our defence, boost jobs and boost economic growth in all regions and nations. I invite him to get involved in our defence industrial strategy consultation, which is ongoing.
I welcome the Unity contract and the work done by the previous Government to initiate it. It is a critical step in maintaining our submarine fleet and facilitating our continuous at-sea nuclear deterrence. The Minister recently confirmed to me that, excluding Trident, our defence spending as a percentage of GDP is actually only 1.9%. That puts the UK 23rd of 32 NATO countries, below North Macedonia, Montenegro, Albania and others. Our non-nuclear NATO partners currently spend proportionally more than we do on conventional forces, while Trident is a measure of last resort. To ensure that we are properly resourced for high-intensity, multi-domain collective defence, should our NATO spending commitment not be to meet that target on conventional forces, with our nuclear capability in addition to that?
I am not sure that is even the policy of the Conservative party—the shadow Defence Secretary can confirm whether that is the case. If I may say so, it is a bit sleight of hand to say that taking out a big chunk of our spending, which we are actually spending, will leave us well in deficit. Of course it would. However, I understand the point that the hon. Gentleman makes and the importance he attaches to spending on conventional defence. That is an important point, and once the strategic defence review is published he will be able to see the threats it identifies and how we will improve our capability to deal with them.