Oral QuestionTreasury

If she will make a statement on her departmental responsibilities.

Tabled: 4 March 2026Answered: 10 March 2026

Asked by

Damien Egan

LabourBristol North East

Answering Minister

the Chancellor of the Exchequer

Answer from Hansard

Rachel Reeves

I am proud to be the Labour Chancellor who has overseen the biggest uplift in defence spending since the end of the cold war. Just last week we announced a £1 billion helicopter deal with Leonardo, based in Yeovil, just down the road from my hon. Friend. Yesterday I confirmed to the House that the Ministry of Defence has access to the special reserve. That means that the added costs of deploying additional capabilities in the middle east will be funded entirely by the Treasury special reserve.