Question to the Ministry of Defence:

To ask the Secretary of State for Defence, if he will take steps with the Chancellor of the Exchequer to issue defence bonds to help increase funding for military capabilities.

We have increased defence spending from £54 billion a year under the previous government to almost £80 billion a year by 2029, and will see the UK's defence spending increase to 2.7% of GDP. Page 11 of the Defence Investment Plan sets out our committment to increasing defence spending to 3% of GDP in the next Parliament and 3.5% by 2035.

The chancellor will set out the pathway to that committment at the Spending Review next year.