Monday 17th November 2014

(9 years, 5 months ago)

Commons Chamber
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Lord Cameron of Chipping Norton Portrait The Prime Minister
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The Budget deficit has fallen. It has come down by a third since this Government came to office, and we will see the figures at the autumn statement in the normal way, but we should not forget what we inherited, which was a forecast for a Budget deficit at 11% of GDP. That was the highest of any country anywhere in the world. We will not forget that inheritance, and it is one we are dealing with.

John Baron Portrait Mr John Baron (Basildon and Billericay) (Con)
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Is not the danger with the policy of talking loudly but carrying a small stick that it eventually gets found out by the bullies in the playground?

Lord Cameron of Chipping Norton Portrait The Prime Minister
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I have great respect for my hon. Friend, but I just do not understand how it can be argued that a top five defence budget with £33 billion spent is not a big stick. The fact is we have some of the most capable armed forces anywhere in the world, and because of the difficult decisions we have taken we are going to see two new aircraft carriers, the new Type 45 destroyers coming out of our shipyards and the new global combat ship—the frigate. We have already got—based in my constituency—a superb fleet of the A400Ms now coming in to join the Voyager aircraft and all the Hercules we have. We have, of course, the joint strike fighters coming to back up our extraordinary Typhoon force. Britain has a full set of capabilities, including a nuclear deterrent, and I think that is absolutely right, and we should not talk down the scale of military commitment that we have; it is a very important part of our country.