Written questions

Defence: Finance

2026-05-12 · Treasury · 762 · Official question

James MacCleary

Question

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential merits of using defence bonds as a way to finance capital-intensive commitments in the Strategic Defence Review.

Answer

This Government has announced a significant uplift in defence spending over the Spending Review period. This uplift is underpinned by our non-negotiable fiscal rules; reducing borrowing whilst investing in defence to keep the UK and allies safe. There are...