John Milne
Main Page: John Milne (Liberal Democrat - Horsham)Department Debates - View all John Milne's debates with the HM Treasury
(1 day, 13 hours ago)
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Lucy Rigby
The hon. Gentleman will not expect me to pre-empt anything that may or may not be announced in the King’s Speech. What I will tell him, though, as he already knows, is that this Government are backing our financial services sector to the hilt to ensure that it continues to be the world-leading success that it is.
John Milne (Horsham) (LD)
The Chief Secretary to the Treasury (James Murray)
The Chancellor and the Defence Secretary meet regularly to discuss defence, including the defence industrial strategy. As part of those discussions, they recently met leaders from the UK financial sector to discuss how private investment can also be leveraged to accelerate defence readiness, building on the commitments made in the defence industrial strategy.
John Milne
In my constituency of Horsham, Chess Dynamics, which is part of Cohort, is a world-leading developer of counter-drone and air defence technology—exactly the capabilities that we need. Yet Chess, like much of the defence industry, has been kept on hold since last year, awaiting clarity on the defence investment plan. Without it, it cannot commission new air defence systems, leaving the next generation of Royal Navy frigates potentially exposed. It needs to know now. Will the Minister agree to meet me and Chess Dynamics to provide certainty on the investment that everyone says we need, but which simply is not happening yet?
James Murray
Investment in defence under this Government is under way—just look at the contracts. Over a thousand have been signed since the general election: I point the hon. Gentleman, and anyone else in the Chamber, to the billion-pound contract for medium helicopters in Yeovil, the half-a-billion pounds invested in state-of-the-art radar systems and the £100 million boost to support submarine-hunting aircraft. This Government are raising investment in defence to the highest sustained level since the cold war and it is at the core of ensuring that we are protecting our nation’s security.