Lord Naseby
Main Page: Lord Naseby (Conservative - Life peer)Department Debates - View all Lord Naseby's debates with the HM Treasury
(7 months ago)
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Baroness Vere of Norbiton (Con)
Of course, I do not have the answer to those questions because the Government are not intending to issue defence bonds. However, the noble Baroness mentioned one of the rationales for issuing green gilts—ensuring that the City of London is a global financial centre—and she is absolutely right. Indeed, we are the No. 1 financial centre for green finance.
Lord Naseby (Con)
Is my noble friend aware that investment in good defence companies is entirely compatible with ESG? Will she ensure that our fund managers in the City take a copy of what she has stated today?
Baroness Vere of Norbiton (Con)
I am very happy to reiterate what I said about the Government’s commitment to the defence industry, ensuring that it receives the amount of private sector investment it needs. My noble friend may have seen that, to that end, there was a joint government/ Investment Association statement to fund managers that gave exactly the clarity he seeks.