Question to the HM Treasury:

To ask His Majesty's Government whether they plan to participate in international negotiations on the establishment of a Defence, Security and Resilience Bank, following the Canadian government’s announcement on 30 January of its intention to explore this with European and NATO partners.

Challenging times for global and European security call for creative solutions. The UK is therefore stepping up work with likeminded allies on the most effective option for a collective approach to defence spending and procurement.

Together, we can accelerate vital investment and maximise the potential of historic spending uplifts to meet the scale of our shared defence and security commitments.