Luke Pollard

For a moment, I thought that the right hon. Gentleman had been listening to my speeches at defence dinners, which I was really pleased about. Unfortunately, he misheard me, or has not quite got that right. Let me be very clear: UK-based firms that hire people in Britain, pay their taxes and invest in skills in Britain are the ones that we are backing in the defence investment plan. I am not interested in brass plaques. Where we have to send contracts abroad, either to buy the technologies that we do not make in the UK or for the exquisite capabilities that we buy from single sources—he can probably think of a few examples from his time as a Defence Minister—we are also introducing an offsets regime, which will ensure that British companies benefit in that way as well. It is a model that has worked well in Australia, Norway and a number of other countries. We have announced progress on that and consulted on that, too. Not only are we investing in British-based firms, but we are ensuring that when we do buy from abroad, there is a benefit for UK industry as well.