Extract from Opposition day debate on Defence Industry and Shipbuilding - July 11

I do not know whether my hon. Friend has noticed, but Rolls-Royce is in the market to sell off its industrial marine division—the power generation division. Nobody knows yet who is likely to buy it, but it is likely that once again our defence is going to be manufactured abroad instead of being protected in this country.

My hon. Friend makes a very good point about the need for certainty and long-term planning, so we can give business the confidence to invest here.

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