I thank my hon. Friend for his urgent question. I am sure that the whole House will agree that the UK-US relationship has delivered security and prosperity on both sides of the Atlantic for more than a century. The special relationship we share with the US is built on a foundation of deep defence, security and trading links, and unique cultural and people-to-people ties. Both the Prime Minister and President Trump have repeatedly emphasised their commitment to continuing to strengthen it.
Of course, it is for the United States to set its own national security strategy, as it is for any Government. The strategy contains many shared objectives: resolving conflicts, tackling migration and ensuring economic security. However, it will not surprise the House that on some areas we take a different view. When it comes to European security, what we see is a strong Europe coming together to defend Ukraine, with the UK helping to lead the coalition of the willing of more than 30 countries. We see a Europe that is stepping up on defence spending, with the UK committed to reach 5% of GDP on defence spending by 2035. It is right that Europe steps up. That is in our interests. Europe is united behind Ukraine and united behind our long-standing values of freedom and democracy, and we will always stand up for those values.
Our bond delivers on both sides of the Atlantic. Our trading relationship is worth over £330 billion annually, we have over £1.2 trillion in mutual investment, and our businesses support over a million jobs in each other’s countries. The UK will continue to work closely with the US to strengthen Euro-Atlantic security through NATO, to support Ukraine, and to deepen our co-operation on emerging technologies and economic security. The strength of our relationship allows us to discuss and debate areas where we disagree, so we continue to strengthen this vital and mutually beneficial relationship with the United States. During the state visit, we announced over £250 billion in two-way investment, which was a powerful demonstration of the deepening economic ties between the UK and the US, and we signed a UK-US technology prosperity deal—the first of its kind—that will supercharge our co-operation across areas including AI, quantum and nuclear.