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finance · New Dispatch
“When George Osborne became Chancellor in 2010, we were borrowing nearly £1 in every four that the state spent. It was incredibly dangerous.”
about 25 %
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finance · New Dispatch
“If they got the welfare bill down to 2019 levels, that would save £56billion a year within five years, more than enough to get defence up to three per cent of GDP.”
56000000000 GBP
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finance · New Dispatch
“We went through a period where the deficit was 10 per cent of GDP, so we had to make very painful cuts.”
10 %
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finance · New Dispatch
“When George Osborne became Chancellor in 2010, we were borrowing nearly £1 in every four that the state spent.”
25 %
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defence · New Dispatch
“But then after the invasion of Ukraine, our thinking changed, and that was why Rishi Sunak and I decided that we needed to increase defence spending to 2.5 per cent of GDP.”
2.5 %
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world · New Dispatch
“The asylum bill is tens of billions of pounds, and we know that was working because we were getting migrants arriving in Ireland saying they didn't want to go to the UK anymore because they thought t…”
about 20 GBP