Economic Security Debate

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Thursday 5th February 2026

(1 day, 9 hours ago)

Commons Chamber
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Liam Byrne Portrait Liam Byrne
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My hon. Friend is right. I salute her work on the Committee, which is far stronger for her contribution. The bottom line is that the Government has said, in strategy after strategy, that sovereign capabilities are important and that they need to be developed. What we have in the response that has been published today is a clear statement that those capabilities will remain secret, that we will publish a few of them in the defence industrial strategy and maybe if a defence equipment plan is ever published, we might see more in there too.

The point here is quite stark. If we are to ensure our economic security is stronger in future, we have to mobilise the private sector and private sector investment consistently and at scale over a long period of time. It is impossible for us to mobilise that money unless the private sector knows where to invest. If we keep the list of sovereign capabilities secret, how on earth will we send the right signals to the private sector to invest in the future?

Mike Martin Portrait Mike Martin (Tunbridge Wells) (LD)
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I thank the right hon. Gentleman and his Committee for an excellent report that speaks to some very real issues. We have an opportunity later this year when the defence readiness Bill comes before Parliament for consideration. Does he have any recommendations on what he would like to see in that Bill, and are he and his Committee talking with the Ministry of Defence to ensure that some of that gets into the Bill?