There is a way to attract more capital investment – whether it is the better utilisation of MoD assets, or attracting capital from pension funds to invest in other priorities like NHS hospitals to meet the knock-on impacts of getting to 3.5 per cent of GDP on defence,

The government has pledged to allocate 3.5% of GDP to defence by 2035

We won the peace through spending on defence. When deterrence fails (as in 1939), the costs in lives and living standards are enormous.

There is a way to attract more capital investment – whether it is the better utilisation of MoD assets, or attracting capital from pension funds to invest in other priorities like…