15:36 Richard Drax (South Dorset) (Con)

Back in 1982, as we fought the Falklands war, expenditure on defence was, as we heard, 5% of GDP, but it is now about half that, and we are considering cutting it further. That, in my view, would be a disastrous mistake, both militarily and politically. We can and must reorganise our armed services—of that I have no doubt—grip our procurement programme, reshape the MOD, and buy off the shelf where expedient, but we must not cut their overall size. To make a sound and sensible decision, we need to have a clear strategy before the bean counters are let loose with their pens—with all due respect to accountants. Only then can we balance the losses to one service with increases to another. The cold war is over—we all know that—but climate change, finite resources, food, water and energy security, the possibility of cyber-attacks, and the rapid advance in technology, to name but a few, demand constant vigilance. To man the ramparts effectively, protect our world interests and fulfil our obligations to NATO, we need ships, planes and personnel.

[Source]