John Healey: “But it also threatens our economic security: impacting the family finances of millions of British people.”

We simply can’t deal with the problems we face as a country by maxing out the country’s credit card.

I am confident Labour can honour a commitment to increase defence spending and make the decisions that allow us to set out a long-term plan to make our forces better equipped to fight and to deter the threats we face.

Fiscal discipline is the bedrock of our UK economic stability and national security, which is why we are committed to meeting our fiscal rules, with a buffer against global uncertainties.

As we have regularly discussed, I am certain that a headmark date for 3% of GDP on defence in 2030 is what Britain must set.