Arms Trade

(asked on 15th July 2019) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what estimate he has made of the (a) premium income for defence transactions, (b) claims paid for defence sector contracts and (c) monies at risk for defence transactions in the 2018-19 financial year.


Answered by
George Hollingbery Portrait
George Hollingbery
This question was answered on 23rd July 2019

During financial year 2018/19 UK Export Finance’s (UKEF) support for defence sector transactions generated £109.7m in premium income, in relation to guarantees and insurance issued with a value of £3,057.9m. No claims in respect of defence sector transactions were paid by UKEF in 2018/19.

Where such information is not commercially sensitive, UKEF publishes details of the companies it has supported on an annual basis in its Annual Report and Accounts which are presented to Parliament and can be found on UKEF’s website.

https://www.gov.uk/government/collections/uk-export-finance-annual-reports-and-accounts

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