Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Catherine Atkinson Excerpts
Tuesday 8th April 2025

(6 days, 15 hours ago)

Commons Chamber
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Darren Jones Portrait Darren Jones
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My apologies, Mr Speaker. It was our ordering that caused the problem, not the ordering of questions in the House.

The right hon. Gentleman knows that tight decisions were taken at the Budget, but we have been very clear that we are working hand in glove with businesses to be able to bring growth back to the economy and to ensure that investment—private sector and public sector—is coming forward. As he will know, from his time of swimming underwater, this Government are taking a different approach to fiscal discipline, and he should welcome that.

Catherine Atkinson Portrait Catherine Atkinson (Derby North) (Lab)
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T5. The defence sector is a vital part of our local economy in Derby, particularly with the landmark £9 billion deal struck with Rolls-Royce, which is supporting the Royal Navy’s submarines and providing a major jobs boost. Does the Chancellor agree that national security goes hand in hand with economic security and, in turn, financial security for households?

Rachel Reeves Portrait The Chancellor of the Exchequer (Rachel Reeves)
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The first duty of any Government is to keep the nation safe. That is why we are increasing defence spending as a share of GDP to 2.5%—the biggest sustained increase in defence spending since the end of the cold war. Derby has a vital role to play within the UK’s defence sector, particularly in nuclear engineering and aerospace, as demonstrated by the landmark £9 billion deal with Rolls-Royce, which will create up to 1,000 jobs in the city and protect thousands more.