My right hon. and learned Friend makes a valid point.
With these major shortcomings in our defence, it was alarming that a report by the Royal United Services Institute published this week suggests that the defence budget might be cut by 10% after the next election. Talk that Britain has the fifth largest defence budget—and the second largest in NATO—rings hollow when MOD reforms are cutting manpower, capabilities and the armed forces’ capacity to deploy force. Some estimates suggest that we rank 30th in the world in our ability to deploy force overseas, and my hon. Friend the Member for North Wiltshire (Mr Gray) told us of the extent of the American concern about this issue.