16:30 The Minister for the Armed Forces (James Heappey)

The approach is threefold. First, in the short term, it is about upping our spending. The threats to our nation are growing and they come in all shapes and sizes, ranging from a resurgent and increasingly more malign Russia to a rising China, and from global terror to the acceleration of a whole range of threats through climate change. Our adversaries are operating below the threshold of conflict and taking advantage of exponential advances in new technologies. We must invest to stay ahead of the curve. Recognition of the dangers that our nation faces prompted the Prime Minister last November to announce the biggest investment in the UK’s armed forces since the end of the cold war. In the next four years, we will inject more than £24 billion into defence. In total, we will spend in excess of £190 billion on equipment and equipment support in the next decade, including at least £6.6 billion on research and development.

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