The Prime Minister has promised there won't be any further cuts to our defence budget on a visit to Devonport Navy base this afternoon. This comes at a time when the number of warships in our navy has fallen to a record low.
The number of ships and the numbers of people working at the naval base has been in steady decline for decades. The fleet has shrunk hugely since the end of the Cold War. Twenty years ago there were around fifty major warships, in the surface fleet - including three aircraft carriers. That's now been cut to two, only one of which will operational.
In terms of staffing, the number of people in the Royal Navy has dropped below thirty thousand. That means a lot less work for Babcock, and the civilian dockyard workers where numbers have falled from twelve thousand twenty years ago to fewer than four thousand now.
But today the Prime Minister told ITV News the defence budget won't go below two per cent of GDP, Britain's total earnings.