(1 year, 11 months ago)
Commons ChamberMy hon. Friend makes the point brilliantly. This is about investing in capability to ensure that expertise remains in the UK, and that we learn and collaborate in developing the next generation of expertise, but there is also the potential to export. Previous examples of our successful collaboration include Typhoon, with more than 600 units sold overseas. If we get this right—and there is every reason to think we will—there will be such opportunities in the future as well.
Does the Minister agree that, contrary to the Opposition’s claim, supporting UK companies in the defence sector not only makes good economic sense, but is critical to ensuring that the sector is aligned with the Department’s national security objectives?
My hon. Friend is absolutely right. So many of these collaborations lead to direct investment into British shipyards—for example, the over £70 million that we were just talking about. But what does this mean in pounds, shillings and pence? It means that those defence jobs are paid, on average, 15% higher than the average wage, and that is just one reason why we need to keep them in the UK.