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 will meet our commitments on defence to our international allies…
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The Treasury with defence really was in denial about the commitment that the UK has rightly made to Nato and to our people: it is still planning, was still planning on 3 per cent, but not until 2034-35.
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.
fiscal credibility is the bedrock for economic stability and for national security
You know what defence needs... Without a DIP that meets the moment in this way, I am being forced to make decisions that would reduce the readiness of our Forces and increase the risk to personnel on operations, and could make the country…
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