The UK has for many years been one of the highest spenders on defence in NATO. We continue to hold that proud record. Increasing spending this year will mean that Britain continues to be one of the highest spenders in NATO. I remind the hon. Gentleman that the last time this country spent 2.5% on defence was in 2010 under the previous Labour Government—a level of defence spending that was not matched once during the 14 years in which his party was in government.

My hon. Friend is right. Everyone agrees that more needs to be spent on defence to meet the increasing threats. He asks why only two out of 49 of the major defence projects are on time and on budget. That question may best be directed at the shadow Defence Secretary, the hon. Member for South Suffolk (James Cartlidge), who was responsible for exactly that up until the election six months ago. There is of course a question about how much we spend, but there is also a challenge in how well we spend it. The shadow Armed Forces Minister, the right hon. Member for Rayleigh and Wickford (Mr Francois), was one of the strongest critics of the previous Government and of what he described as the “broken” procurement system. We are getting a grip of MOD budgets, driving deep reform in defence and ensuring that we reduce the waste and delay in procurement contracts.

I have not done that. The work of the reviewers leading the strategic defence review is thorough and flat out. The review has been widely contributed to and is the first of its kind in this country, allowing fresh thinking in defence planning. On the 2.5% commitment, as we said in the plan for change, we will set out a path to spending 2.5% of GDP on defence in the spring. The Government are delivering on defence and defence reform; we will deliver on defence funding, too.