The Defence Secretary has denied he has threatened to resign if he failed to secure a commitment from Rishi Sunak to increase defence spending as a share of national income.
Appearing before the Commons Defence Committee, Ben Wallace said he'll be "fighting for as much money as I can get" for defence when he meets Chancellor Jeremy Hunt on Thursday ahead of the 17 November autumn statement.
Asked about reports he had threatened to resign if he did not get a commitment to raise defence spending to 3% of GDP by 2030, Mr Wallace said: "I haven't said I would resign on 2.5, 3.5, 4%. Obviously, the media might like that."
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Pressed by Labour MP Derek Twigg on whether or not the Ministry of Defence had briefed journalists that he would quit if he was not satisfied with his settlement, he replied: "I don't run my department that way."
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Earlier in the hearing, Mr Wallace described the target of raising defence spending to 3% of GDP – compared to the NATO minimum of 2.5% – by the end of the decade as an "aspiration".
He said at a time of rising threat levels, it was important the country was prepared to commit greater resources to defence.
"Three per cent as an aspiration or a planned marker, wherever we get to subject to our budget discussions, is a perfectly reasonable aspiration in the dangerous world that is emerging," he said.
"I have always said as threat changes so should our commitment and our planning and our funding."
He went on: "Defence is moving back up the priority list back towards Cold War levels of where it should be."
Mr Wallace said that his aim in his talks with the Chancellor would be to ensure the defence budget was protected from the effects of inflation and fluctuations in the foreign exchange rate for the next two years.
He said: "I will be fighting for as much money as I can get. I will fight every bit of the way to see what I can get.
"I am keen that we get a budget insulated from the inflationary effects."