Spring Statement Debate

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Department: HM Treasury
Wednesday 26th March 2025

(6 days, 12 hours ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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One thing that is scored in the OBR document today is the gambling levy that the Government have introduced. That money will be used to ensure that we regulate gambling properly in our country, and rightly so.

Gregor Poynton Portrait Gregor Poynton (Livingston) (Lab)
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For defence companies in Scotland, UK Export Finance plays a crucial role in financing sales to our allies around the world, including Ukraine. Will the Chancellor outline how the increase in capacity for UK Export Finance will help defence companies in Scotland to create jobs in my Livingston constituency and strengthen our national defence?

Rachel Reeves Portrait Rachel Reeves
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Just two week ago, I was able to announce £2 billion extra for UK Export Finance specifically to help defence companies in the UK to export. As countries around the world, particularly in Europe, increase defence spending, I want to ensure that we get those contracts here in Britain to support our proud defence industry, including in places such as Livingston and Rosyth, where I met Babcock just a couple of weeks ago.