00:00Clearly, a month ago, you resigned as Defence Secretary with a very specific ask from that job of reaching 3
00:08% of GDP by 2030.
00:12How would you fund that, given all the other pressures, all the other claims made by the Prime Minister?
00:19Would it require higher taxes? Would it require cuts in welfare?
00:23First, fiscal control is the first duty of any Chancellor.
00:28It is mine.
00:30And fiscal credibility is the bedrock for economic stability and for national security.
00:36And you heard the Prime Minister this afternoon say, in this more dangerous world, we will meet our commitments on
00:43defence to our international allies.
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