John Healey has outlined the government's new defence plans as he revealed aims to spend 3% of GDP on UK defence. It comes as the Ministry of Defence announced a £5 billion investment following the publication of the review on Monday. "We are committed to spending what we need to deliver this review," the defence secretary added. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00Well, I know the reviewers based their review on the government spending plans.
00:05The reviewers have said it's affordable, it's deliverable on the government's plans.
00:10That means the extra 5 billion that we're putting in this year.
00:13It means the 2.5% of GDP, a record increase in defence spending since the Cold War
00:19that will come in in two years' time because we've been willing to switch spending
00:23out of overseas development into defence to meet the threats that we face.
00:28And then that aim in the next parliament to hit 3%.
00:32And as the Prime Minister said yesterday, we are committed to spending what we need to deliver this review.