Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the fiscal implications of joint defence financing arrangements with Finland and the Netherlands.
Last week the Chancellor announced that the UK is exploring a new defence mechanism for financing driving joint demand by 2027 with the Netherlands and Finland and other EU and NATO partners.
This is still in development with partners and will follow best international practice and relevant HM Government Guidance, including Managing Public Money.