Defence Industrial Base
Debate between Lord Jack of Courance and Lord Coaker(4 days, 19 hours ago)
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Lord Coaker (Lab)
The Treasury understands the need for that drumbeat. My noble friend is absolutely right that you cannot turn defence industry production on and off like a tap, and that we have to maintain the capability to produce ships or whatever military equipment that we need. It is also particularly important that we maintain the skilled labour and not allow those skills to be lost. My noble friend will know that the numbers of ships are now set out over the next few years, with designs for frigates and destroyers being planned for what comes next. I also draw noble Lords’ attention to the up to 12 additional AUKUS submarines. So the Treasury understands both the need for more money—which has been injected—and the need to ensure that we get that steady drumbeat, as my noble friend says.
