Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the press release entitled PM call with Prime Minister Carney of of Canada: 22 July 2026, published in 22 July 2026, what steps the Prime Minister plans to take to step up work between the Defence, Security and Resilience Bank and Multilateral Defence Mechanism in order to improve defence investment throughout the supply chain for all involved.

The UK and Canada share a common objective of strengthening Allied defence industrial capacity through closer international cooperation. The Multilateral Defence Mechanism (MDM) and Canada's proposed Defence, Security and Resilience Bank (DSRB) are intended to address related challenges within the defence industrial ecosystem.

Following the joint-PM statement at the NATO Ankara summit in July, we committed to working closely with our Canadian allies on how the MDM and DSRB can work together, and we continue to do this.