June European Council

Part of the debate – in the House of Commons at 4:54 pm on 2nd July 2018.

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Photo of Theresa May Theresa May The Prime Minister, Leader of the Conservative Party 4:54 pm, 2nd July 2018

As my right hon. Friend knows, and as I referred to in my statement, we are committed to spending 2% of GDP on defence, but we are also committed to increasing the amount we spend on defence by 0.5% above inflation every year, which I did not refer to in my statement. Then there is the £179 billion we will be spending on equipment. The whole point of the modernising defence programme is to look at the defence of the future and the threats we now face, and to make sure that we have the capabilities to meet those threats.