00:00We're already spending more on defence. There's five billion pounds extra in the defence budget
00:04this year, thanks to the decisions the Chancellor took in her first budget. We're increasing
00:09defence spending to 2.5% of GDP in April 2027, and then increasing it every year for the next
00:14decade. So we're putting our money where our mouth is in terms of rearming, making sure that
00:19we're matching the threats that we are facing as a nation with new capabilities, new kits and
00:24equipment. And in doing so, we're channelling more of that defence money at British businesses,
00:29proving that defence can be an engine for growth.
00:31But Lord Robertson is really right to raise a red flag, isn't he? He's been asked to come up with
00:36this strategic defence review. You promised an investment plan to fund it, and you haven't done
00:43that.
00:43Well, if there's anyone who knows the mess that we inherited, it's Lord Robertson, because he led
00:49the strategic defence review work that proposed moving the United Kingdom to a different posture,
00:55moving us to war fighting readiness. We adopted every single one of his recommendations in the
01:00strategic defence review. And we're making sure that the defence investment plan is right,
01:04and we'll publish it very shortly.
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