Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, pursuant to the Answer of 7 February 2025 to Question 27123 on Defence: Financial Services, how many stakeholders his Department has met with since the meeting of 12 December 2024; what issues were identified as requiring action; and what steps he is taking to prevent unintended consequences.

As referred to in my answer of 7 February, I recognise the challenges for both industries in addressing this issue. Since the meeting of 12 December, my officials have been in discussions with counterparts in HMT and MOD, including Defence Equipment & Support, and have also written to each of the roundtable participants asking for their thoughts and ideas on where the issues lie and how to resolve them. The request was for responses by 14 February, and we are developing a plan to address the issues raised.