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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I was pleased to mention my hon. Friend’s constituency in my statement. As the home of the British Army, on behalf of this Government, we thank the people of Aldershot and Farnborough for the service that they give our country every single day.

My hon. Friend is right to mention the importance of companies in the defence sector, whether big or small, being able to access finance. That has never been more important than it is today, when the threats posed by Putin continue to grow. I therefore urge everyone in financial services to do their part to make sure that our fantastic defence start-ups have the money that they need to grow and help defend our country and our values.

Judith Cummins Portrait Madam Deputy Speaker
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For the final question, I call Jim Allister.

Jim Allister Portrait Jim Allister (North Antrim) (TUV)
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Will the Chancellor better explain how the civil service cuts will translate into the devolved regions and the impact on future block grant allocations? Are there lessons to be learnt from the fact that in 2015, the Northern Ireland Executive had a voluntary exit scheme, upon which it spent £700 million, and then proceeded to re-engage hundreds of civil servants as agency workers?