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Lord Livermore (Lab)

Speaking in the House of Lords on 19 May 2026

Debate

Defence, Security and Resilience Bank

Contribution

I start by saying what a pleasure it is to take a question from my noble friend again and to welcome him back to the House. He is known for his optimism, so I hope I can join him in that. But he is absolutely right: 68% of defence spending goes to businesses outside London and the south-east, bolstering regional economies in Scotland and the north-west, which is why our defence industrial strategy that I was discussing earlier is so vital.

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