without a DIP that “meets the moment” I was “forced to make decisions that would reduce the readiness of our forces and increase the risk to personnel on operations, and could make our country less safe”
Discussing the implications of the Defence Investment Plan.
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That is why yesterday we cut VAT on electricity bills and today we’re announcing a £2 cap on bus fares from January.
At this dangerous time, I see the current defence investment plans falling well short of what is required, a rise at 0.08% from next year to 2030, no date for reaching 3%, no path to 3.5%.
Fiscal control is the first duty of any chancellor. It is mine. And fiscal credibility is the bedrock for economic stability and for national security, and you heard the prime minister this afternoon say, in this more dangerous world, we…
This action to ease the cost of living is funded by savings made elsewhere, so there’s no burden to British taxpayers, just pounds going back into their pockets.
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