Alex Baker

Alex Baker

Labour — Aldershot

Speaking in the House of Commons on 10 September 2026

Debate

Ukraine and Russia

Contribution

It was great to welcome my right hon. Friend to the Farnborough airshow, and it is great to have him at the Dispatch Box today. Our adversaries in China and Russia are mobilising their financial markets to sustain military aggression. We have seen the industrial ramp-up that has been needed for Ukraine to fight. The Prime Minister confirmed to me last week that the Government are looking at the multilateral Defence, Security and Resilience Bank, which our allies have brought together to mobilise the finance to rearm. The Secretary of State and I have talked about this a lot previously, but does he agree that we need to build the financial resilience to deter, and taking the opportunity to join the Defence, Security and Resilience Bank would send a powerful signal to our adversaries that we have the financial firepower to outbuild and outlast them?

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