Oral Question·Department for International Trade
“What steps her Department has taken to increase the export of British financial services.”
Tabled: 23 September 2021Answered: 21 October 2021
Asked by
Gareth Davies
Conservative — Grantham and Bourne
Answering Minister
the Secretary of State for International Trade
Answer from Hansard
The Chancellor of the Exchequer (Rachel Reeves)
The first duty of any Government is to keep the nation safe. That is why we are increasing defence spending as a share of GDP to 2.5%—the biggest sustained increase in defence spending since the end of the cold war. Derby has a vital role to play within the UK’s defence sector, particularly in nuclear engineering and aerospace, as demonstrated by the landmark £9 billion deal with Rolls-Royce, which will create up to 1,000 jobs in the city and protect thousands more.