Madam Deputy Speaker, may I say how nice it is to see you back in your place? It is a very great pleasure.
I commend my right hon. Friend the Defence Secretary and his excellent Front Bench team, because I know for a fact that they are fighting for every single penny they can get. However, as has been said, and I must agree, £5 billion is not sufficient to ensure that our core armed forces are properly equipped and prepared for—God forbid—something we all dread, as the world potentially totters towards world war three. What on earth is going through the minds of Treasury officials?
Mr Wallace
In defence of my colleagues in the Treasury, the Treasury is trying to balance an economic situation post covid that means we have to make sure that we cut our cloth and return to an economic credibility that is so important for growing our tax receipts and our income. One role I can play is to come to the House and be honest about the state of our armed forces. I can be honest about what caused the 30 years of challenge that both my hon. Friend and I experienced serving in the armed forces, and honest about what we can do to fix things. That is the first thing. The Defence Command Paper will ensure that we are very clear on where we will spend the money to make sure that the future is secure for the men and women of the armed forces.