Defence: Finance
2026-06-07 · Treasury · 7769 · Official question
Question
To ask the Chancellor of the Exchequer, what recent assessment she has made of the potential benefit to the UK of joining the proposed Defence, Security and Resilience Bank.
Answer
The UK announced that it is exploring setting up the Multilateral Defence Mechanism with Finland, the Netherlands and other partners by 2027. This will be designed to improve value for money and increase standardisation in the defence sector through joint...