Luke Charters
Main Page: Luke Charters (Labour - York Outer)Department Debates - View all Luke Charters's debates with the Cabinet Office
(1 day, 16 hours ago)
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Mr Luke Charters (York Outer) (Lab)
I praise the Prime Minister for his work on the new 5% target and on ensuring that we reach it for our national security and core defence. Does he agree that just as the Labour Government in the 1940s helped to found NATO, this Labour Government could help found a multilateral defence development bank that would ensure that we reach 5% by the mid-2030s?
The Prime Minister
There is a debate going on across allies as to how we can work together on the increased spending: on the spend itself; on the financial arrangements, be that development banks or others arrangements; and on ensuring that we co-ordinate our capability, because the last thing we want is everybody spending more money in an unco-ordinated way. There has been intense discussion about that.