Mr Richard Holden

Mr Richard Holden

Conservative — Basildon and Billericay

Speaking in the House of Commons on 6 January 2025

Debate

AUKUS Procurement: SMEs

Contribution

As the Secretary of State knows, under the defence equipment plan about half of MOD expenditure is on equipment, with around 40% of that going overseas. What impact does the Secretary of State think that the Government’s abolition of business property relief and the massive increase in national insurance will have on UK SMEs’ ability to compete in the defence sector with our AUKUS allies following the previous Government’s signing of that agreement?

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