Defence and Security Review (NATO)

That is a very good question, which I hope to be able to deal with towards the end of my speech. The assumption of spending 2% of GDP on defence, which is essential because we organised an entire NATO summit around the idea of doing that, is of course the hope that as the economy grows, defence spending will grow and we can make the necessary five-year planning, which will return confidence to the armed forces and allow us to make some of these investments. The question is a good one, because we would still face significant constraints in relation to Trident and to operating our aircraft carrier. If we wanted to make significant investments in restoring armour capacity, even 2% of GDP would be pushing it.