Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of EU green finance regulations on levels of investment from Europe into UK defence (a) firms and (b) shares.

This Government does not see a conflict in green and sustainable investment contributing to our world-leading defence sector. There is considerable work to support the sector ongoing across government, including through the Chancellor’s growth mission and in the development of a new Defence Industrial Strategy.

In a time of increasing geopolitical instability, maintaining a robust and thriving defence sector is essential to our national security. The government is committed to supporting the defence sector and supporting investment opportunities in it. Private investment in the defence sector is crucial for fostering innovation, boosting economic growth and enhancing national security.