L

Lord Skidelsky (CB)

Speaking in the House of Lords on 10 September 2025

Debate

Defence Industrial Strategy

Contribution

My Lords, I would like to offer a dissenting opinion, but some noble Lords will be used to that. I strongly support industrial policy, but the coupling of defence and industrial strategy needs some thought. It suggests that industrial policy is driven by military needs, whereas in fact the case for industrial policy needs to be made apart from that. To a student of economic history, it is reminiscent of military Keynesianism, which was born in the Second World War, continued in the Cold War and dropped only with the end of the Cold War. There seems to be a pattern here. Is the Minister entirely comfortable with basing the case for industrial policy on the need to rearm, as developed in the strategic defence review? I support industrial policy, but I would not want to hinge my whole argument on the need to rearm. That itself is something that needs to be discussed quite independently of the case for industrial policy.

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