Defence Spending

Sarah Jones Excerpts

Wednesday 24th April 2024 Commons Chamber

[Grant Shapps]

I could not agree with my hon. Friend more.

[Sarah Jones (Croydon Central) (Lab)]

May I take this opportunity to pay tribute to the reservists based in Croydon, who, among many roles, have been in Estonia helping to keep us all safe? Labour wants to reach 2.5%, but my right hon. Friend the shadow Defence Secretary has asked why there is no budget line or fully funded plans for the announcement. This appears to be a bit of a pattern across Government. Only yesterday, I learned that a £1 billion announcement made about carbon capture and storage several years ago still appears nowhere on a Treasury budget line. If the Government play so fast and loose with our public funding, how on earth will the Secretary of State deliver the economic stability on which our defence spending relies?

[Grant Shapps]

I encourage the hon. Lady, and all Opposition Members, to have a closer look at what we announced yesterday. This is a fully funded announcement. We have explained where the money will come from. We have set out in tables that you can go and read, Madam Deputy Speaker, the funding for the £75 billion. It is true that a choice exists that Labour Front Benchers need to talk not only to their Back Benchers about—because they will not agree with increasing to 2.5% by 2030—but unfortunately to many on their Front Bench as well. They will need to talk to 11 in particular—the ones who have voted against Trident, some of whom wanted to leave our nuclear deterrent behind and possibly even leave NATO as well. Conservative Members are, however, entirely united in the idea of spending 2.5%, setting a date for it now, setting out how that spending will work and making the choices to get there.