Oral Answers to Questions
Debate between Pamela Nash and Liam Fox(13 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Pamela Nash (Airdrie and Shotts) (Lab)
T3. On 24 June, The Daily Telegraph reported that a £10 billion black hole in the defence budget will lead to cuts having to be increased beyond the current 8%. Can the Secretary of State confirm or deny that report?
The Secretary of State for Defence (Dr Liam Fox)
I am delighted that the Labour party now studies The Daily Telegraph in great detail, as it may be able to learn something from that side of the press. There is no doubt that the size of the budget deficit we inherited—about £38 billion of unfunded liability, on the assumption of flat real growth between now and 2020—had to be tackled. We have taken a huge amount out of that already and we will work, not only through this strategic defence and security review, but into the next one, to ensure that as we progress towards the end of the decade we eliminate that horrific inheritance from the Labour party.