Oral Answers to Questions

Debate between Rachel Reeves and Bradley Thomas

Tuesday 23rd June 2026 Commons Chamber

[Rachel Reeves]

The hon. Gentleman is literally sitting two places away from the right hon. Member for Central Devon (Sir Mel Stride)—the former welfare Secretary who presided over a record increase in welfare spending.

We have commissioned Alan Milburn to do a review—the first part of which was published recently—to address the problem that we inherited of young people not in employment, education or training and get young people back into work. I am proud to be the Chancellor who has overseen the biggest uplift in defence spending since the end of the cold war. We funded that through our difficult decision to reduce overseas development assistance, but that was the right choice. When we set out the defence investment plan ahead of the Ankara NATO summit, the whole House will see the further changes we are making in order to better support defence in an increasingly unstable world.

[Bradley Thomas (Bromsgrove) (Con)]

8. What assessment she has made with Cabinet colleagues of the potential impact of her Department’s policies on levels of youth unemployment.

Oral Answers to Questions

Debate between Rachel Reeves and Bradley Thomas

Tuesday 4th March 2025 Commons Chamber

[Rachel Reeves]

As my hon. Friend says, defence has an important role to play in the growth mission as well as keeping our country safe and secure, and on Friday the Defence Secretary and I hosted a roundtable at RAF Waddington in Lincoln to announce a new defence innovation hub to harness that potential. Defence has a strong presence in many of our constituencies—indeed, according to the most recent data, Ministry of Defence spending in the east of England accounted for £1.5 billion—and down the road from my hon. Friend’s constituency is the historic MOD Shoeburyness range, which, along with other sites, is operated by the MOD and QinetiQ as part of a long-term partnership worth more than £5 billion. In the years to come, there will be more investment in defence from both the public and the private sector.

[Bradley Thomas (Bromsgrove) (Con)]

As part of their pursuit of the ever-elusive goal of economic growth, the Government have rebranded the UK Infrastructure Bank as the National Wealth Fund. Even the Office for Budget Responsibility has cast doubt on the effectiveness of that as a driver of economic growth. Can the Chancellor tell the House how much the rebrand has cost?