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

Speaking in the House of Lords on 19 May 2026

Debate

Defence, Security and Resilience Bank

Contribution

My Lords, while we are of course interested in working with NATO allies such as Canada, we have no current plans to join the defence, security and resilience bank. Our priority is to progress the proposed multilateral defence mechanism with a core group of EU and NATO allies and partners, including Denmark, Finland, Poland and the Netherlands. This mechanism will aim to aggregate demand, drive joint procurement, accelerate defence investment and increase the availability of critical capabilities such as munitions as we step up shared defence and security commitments.

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