Security is an investment

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One need not be a warmonger to see that the challenges posed nearby by Russia, and globally by China and Iran, are profound

is not going to be on a “war footing”, despite the Prime Minister’s claim. But his increase in military spending is meaningful. It commits an extra £70bn over the next six years and may also trigger a psychological shift.

Rishi Sunak is correct to argue that Europe must “invest in its own security”. . Only a fool would do nothing and hope for the best. Deterrence, diplomacy and trade remain the paths to peace, as they have for 79 years.

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