Defence: Finance
2026-06-07 · Treasury · 7781 · Official question
Question
To ask the Chancellor of the Exchequer, what recent discussion has she has had with NATO-Partner countries on membership of 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...