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The Financial Secretary to the Treasury (Lord Livermore) (Lab)

Speaking in the House of Lords on 4 June 2025

Debate

Denial of Banking Services: UK Defence Sector

Contribution

My Lords, the Government have been clear that there is nothing contradictory between ESG considerations and defence. No company should ever be denied access to financial services solely on the basis that they work in the defence sector. The Government are working closely with the defence sector and financial services to identify the extent of this issue, to reduce barriers to essential banking services and to support a resilient defence industry.

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