The government will develop a new approach that looks to give credit in future defence contract decisions to British-based companies based on a genuine, substantive presence in Britain and long-term commitments to British communities and British supply chains.
Speaking at the GMB Union's congress on Tuesday
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This action to ease the cost of living is funded by savings made elsewhere, so there’s no burden to British taxpayers, just pounds going back into their pockets.
By 2030, well over half of Nato members will be spending 3% or more. And when allies are looking for British leadership, we must not fall behind.
At this dangerous time, I see the current defence investment plans falling well short of what is required, a rise at 0.08% from next year to 2030, no date for reaching 3%, no path to 3.5%.
That is why yesterday we cut VAT on electricity bills and today we’re announcing a £2 cap on bus fares from January.
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