G7 and NATO Summits

Chris McDonald Excerpts

Thursday 26th June 2025 Commons Chamber

[The Prime Minister]

The right hon. Lady must have missed the record investment in our country in the last 12 months of £120 billion, the four interest rate cuts, and the fastest growth in the G7 in the first quarter of this year. Every time we have increased defence spending, as we did with the 2.5%, we have at the same time set out where the money is coming from.

[Chris McDonald (Stockton North) (Lab)]

I found the Leader of the Opposition incredibly disappointing, so goodness knows what those on her own Benches think. While she is talking Britain down, may I commend the Prime Minister for the leadership he has shown this week? Could he say a little more about how businesses in the defence supply chain, particularly in the Teesside defence and innovation cluster, can contribute to the national mission for defence and security?

[The Prime Minister]

There are two or three principles here. First, we need to see the increase to our defence spend reflected in good, well-paid jobs in constituencies across the country. Secondly, the big sectors in defence will obviously benefit, but we have also put together a hub for smaller supply chain businesses—which, whether defence-specific or not, are in pretty well every constituency —to ensure that they take advantage of the contracts and extra spending on defence. In that way, we can ensure that there is a dividend back in the United Kingdom from the extra spend we are putting in place.