The hon. Lady is basically right, but I refer her to the text of the declaration. Interestingly, it says that all allies
“currently meeting the NATO guideline to spend a minimum of 2%...will aim to continue to do so”,
which is important, and then it sets out the point about spending 20% on equipment, which is absolutely vital. The declaration then singles out allies
“whose current proportion of GDP spent on defence is below this level”.
Page 4 of the document sets out in some detail that those allies will
“halt any decline in defence expenditure…aim to increase defence expenditure in real terms as GDP grows” and
“aim to move towards the 2% guideline within a decade”.
It is important that for the first time all 28 countries signed up to that sort of specificity.