Oral Answers to Questions

Sureena Brackenridge Excerpts

Tuesday 20th May 2025 Commons Chamber

[Rachel Reeves]

We have secured an agreement with the biggest pension companies to invest on a voluntary basis in UK unlisted equities and infrastructure, which is something the Conservatives never achieved. We are getting investment into British infrastructure and British businesses because that is the way to grow the economy and support working people.

[Mrs Sureena Brackenridge (Wolverhampton North East) (Lab)]

T4. Will my right hon. Friend outline the steps being taken in the forthcoming spending review to ensure that increased defence spending will stimulate economic growth, so that supply chain companies, such as Collins Aerospace in my constituency, can continue to strengthen national defence capabilities while boosting our local economies, jobs and quality apprenticeships?

[Darren Jones]

As my hon. Friend knows, the Government are committed to increasing spending on defence to 2.5% of GDP, with an ambition to go further to 3% in the next Parliament when economic and fiscal conditions allow. As part of that increase in spending, we are making sure that UK companies and UK workers get the benefit, including in places such as Wolverhampton, through apprenticeships, good jobs and good growth.