Part of Isil – in the House of Commons at 2:30 pm on 13 July 2015.

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Photo of Philip Dunne Philip Dunne Minister of State (Ministry of Defence) (Defence Procurement) 2:30, 13 July 2015

Once again, this Government, in stark contrast to what happened during 13 years of the Labour Government, have not relied on a wish list of unfunded equipment projects. Instead, we have balanced the budget and committed to a real-terms increase in the defence budget. We will be meeting our NATO commitments, not just—I will say it once more—on spending 2% of GDP on defence, but on investing 20% of the defence budget on equipment.