Government Finances
Opposition Day: Defence Spending and Readiness
“I thank the right hon. Gentleman for his comments, and I agree with him. My father said that the biggest mistake in the late ’30s was that we had our head in the sand. The right hon. Gentleman has been here for a long time—[Interruption.] Sorry. When the Labour Government left office in 2010, they were spending 2.5% of GDP on defence. If we had kept spending that, £90 billion more would have been invested in defence by now. Does he accept that that is the case, and that what happened is a great shame?”