Dr Julian Lewis: Does the Secretary of State accept that the existing black hole in the defence equipment budget cannot be filled by the small annual increase in that budget?

[​The Secretary of State for Defence (Gavin Williamson): This is why we are undertaking the modernising defence programme: to see how best we can change and respond to meet all the commitments this country has always met to keep Britain and our allies safe. That is what we will be doing to assess the threats Britain faces.]