On the recordJuly 22, 2026
fiscal credibility is the bedrock for economic stability and for national security
Said by
John Healey
Labour Party
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bbc.co.ukfiscal credibility is the bedrock for economic stability and for national security
Statement on economic stability and national security
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More from John Healey
The Treasury still often sees defence as a drain on public spending and not the driver of economic growth that we've demonstrated in two years.
I appreciate how hard this is for cabinet colleagues and I am very grateful to those who support what is required, but not all needs to be done by cutbacks elsewhere
This is not the moment for calibration or incremental change. This means bigger politics, bolder priorities and harder choices.
We came into government, recognising Britain faced a new era of threat which demanded a new era for defence.