Oral Answers to Questions

Calvin Bailey Excerpts

Monday 15th December 2025 Commons Chamber

[Mr Calvin Bailey (Leyton and Wanstead) (Lab)]

The Government’s ambition to repair the damage that the previous Government did to our defence will be made clear in the defence investment plan. The roadblock to our safe entry will not change in reality, but to support our ambition we will need long-term financing vehicles that enable multilateral offers and help us to get the best value for public money so that we can protect this country against Russian aggression. Can the Minister provide us with any information about the work he is doing with other Departments to ensure that vehicles such as the Defence, Security and Resilience Bank are brought about?

[Luke Pollard]

I thank my hon. Friend for highlighting the importance of defence and security being a whole-of-Government endeavour. It is not just about the MOD, which is why we have a renewed and refreshed working relationship with the Treasury, working hand in hand to increase defence spending. The defence investors advisory group, which will publish its findings in the new year, will look at new financing methods to bring more investment into defence, just as we are working more closely with our colleagues across Government to increase our warfighting readiness, improve skills and make sure that defence can be an engine for growth in every nation and region of the country.