L

Lord Spellar (Lab)

Speaking in the House of Lords on 19 May 2026

Debate

Defence, Security and Resilience Bank

Contribution

My Lords, does my noble friend the Minister accept that there is a significant problem of access to finance for the defence industry, particularly for medium and small enterprises, driven partly by absurd bans on investment in our national defence by financial institutions? Given the failure, frankly, of the City and the Government to address this systemic problem, should we not at least give serious consideration to, and engage in discussions on, this initiative from the Canadian Prime Minister, Mark Carney?

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