Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will use the £1.8 billion of reserves in capital funding to increase defence funding for 2024-25.

The Prime Minister recently set out our pledge: to increase defence spending to 2.5% of GDP by 2030. That increase starts immediately, rising each year, and will see defence spending rise to £87 billion a year by 2030/31.

This is the biggest strengthening of our defence since the Cold War, ensuring we remain by far the largest defence power in Europe. It will protect our homeland security, cements our UK leadership in NATO and create jobs in the UK.