On the recordJuly 7, 2026
The Treasury said no in the end.
Said by
John Healey
Labour Party
Source
bbc.co.ukThe Treasury said no in the end.
Commenting on Treasury's refusal for higher defence spending.
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Sir Keir Starmer is unable and the Treasury has been unwilling, to commit the resources that the nation needs to defend the country at this time of rising threats
The Government cannot warn about Russia, Iran and China, then produce a Defence Investment Plan that leaves the Armed Forces short of the money, people, stockpiles and industrial capacity needed to meet that threat.
The Treasury's a paradox: you have some of the very best and brightest officials in the Treasury, but you have, too often, a Treasury orthodoxy that's a dead hand on dynamic government.