Tag: 2024

  • PRESS RELEASE : Russia’s impact on global food security – UK statement to the OSCE [May 2024]

    PRESS RELEASE : Russia’s impact on global food security – UK statement to the OSCE [May 2024]

    The press release issued by the Foreign Office on 1 May 2024.

    Justin Addison, Second Secretary at the UK Delegation to the OSCE, addresses the OSCE’s Economic and Environmental Forum First Preparatory Meeting.

    The UK would like to thank the chair for dedicating a session to this theme, which is timely. Food production and agriculture cause extensive nature loss and greenhouse gas emissions. Pressure is mounting to urgently develop more resilient food systems that benefit people, planet and prosperity.

    The UK recognises the scale of the challenge. Our long-standing funding of CGIAR, the world’s leading agricultural science and innovation organisation, has helped millions of farmers to increase the resilience of their crops.  Our investment in the Global Agriculture and Food Security Program has helped over 18 million smallholder farming households, including across Central Asia. And our support for the Agriculture Breakthrough will accelerate development of clean technologies and sustainable solutions in the agriculture sector.

    We are proud of these efforts, however we cannot forget one of the key drivers of food insecurity is conflict, where innovative policies and technical fixes are wholly insufficient.

    One of the tragic results of Russia’s unjustified and illegal invasion of Ukraine has been the impacts on global food security. Over two years of war have seen agriculture costs increase, while landmines have reduced the amount of land available to farm.

    Since intentionally causing the collapse of the Black Sea Grain Initiative last year, Russia has systematically attacked Ukrainian civilian grain and port infrastructure, clearly intending to degrade Ukraine’s ability to export food.

    In response, the UK has worked closely with Ukraine and others to ensure Ukraine can continue to export its grain. We have worked with Ukraine to secure the temporary maritime corridor, including by providing equipment and preventing and deterring Russian attacks. The ‘Unity Facility’, developed by Ukraine and a UK-based insurer, has been key in reducing insurance premiums for commercial shipping using the corridor.

    Chair, the world needs a free and a safe Ukraine. Then it can return to helping supply the world with its food, avoiding further damage to an already fragile global economy; and innovative policies can be used to secure its sustainable development.

  • PRESS RELEASE : Dr Paul Golby confirmed as new energy system operator chair [May 2024]

    PRESS RELEASE : Dr Paul Golby confirmed as new energy system operator chair [May 2024]

    The press release issued by the Department for Energy Security and Net Zero on 3 May 2024.

    Energy Security Secretary Claire Coutinho has appointed Dr Golby as the National Energy System Operator’s (NESO) inaugural chair.

    • Dr Paul Golby announced as the National Energy System Operator’s (NESO) inaugural chair, overseeing the transition from the National Grid’s Electricity System Operator
    • NESO will play a vital role in supporting the UK’s energy security, the transition to net zero and minimising bills
    • Dr Golby will begin as chair-designate on 6 May, ahead of NESO’s creation this summer

    Dr Paul Golby CBE is today confirmed as the first Chair of the National Energy System Operator (NESO).

    NESO will be the new independent public body responsible for planning and operating Great Britain’s electricity and gas networks.

    Soon to transition from the National Grid to public ownership, NESO will play a vital role in supporting the UK’s energy security, transition to net zero and minimising customers’ bills. In his role as chair, Dr Golby will help establish NESO as a trusted, expert body at the centre of the energy system.

    He will take up his post on 6 May and oversee the creation of the new body. Once fully established later this year, he will take up appointment as the Independent Chair of NESO.

    Dr Golby brings extensive experience to the new role – most recently serving as Chair of the National Air Traffic Service. He is the former CEO of E.ON UK and was previously Non-Executive Director and Chair of the Safety, Environment and Health Committee at National Grid. He is also recognised for his contributions to the engineering field as a Fellow of the Royal Academy of Engineering.

    Energy Security Secretary Claire Coutinho said:

    “Dr Golby brings extensive industry experience and will help our new energy system operator take its important first steps.

    “With demand for electricity forecast to double by 2050, and with ambitious net zero goals to hit, this new organisation under his leadership will help us create a modern system that powers Britain with secure, clean energy, and keeps costs low for bill payers.”

    Incoming NESO Chair, Dr Paul Golby, said:

    “I am delighted to have been appointed as inaugural Chair of NESO and look forward to working with the board, management and team as it transitions out of National Grid and builds it capabilities to provide robust, data-based advice to Government.

    “Decarbonising our energy system, whilst ensuring security of supply at an affordable cost, is one of the most important challenges facing the UK.

    “I look forward to working with all stakeholders; Government, industry, regulators and community leaders as we continue on this critical journey.”

    Dr Golby’s selection was scrutinised by the Energy Security and Net Zero Select Committee on 24 April after a competitive recruitment process.

    Appointing Dr Golby as NESO’s inaugural chair is a key milestone that demonstrates the government is fulfilling its plan to deliver a more secure, clean energy system.

    NESO is set to launch in summer 2024 as a public corporation free from commercial interests and operationally independent from government.

    The Secretary of State for Energy Security will be sole shareholder of NESO, and Ofgem will regulate NESO and be responsible for approving its business planning.

  • PRESS RELEASE : Digital record of the Coronation unveiled for the first time in history [May 2024]

    PRESS RELEASE : Digital record of the Coronation unveiled for the first time in history [May 2024]

    The press release issued by the Cabinet Office on 3 May 2024.

    The Coronation Roll is the official record of the Monarch’s accession and crowning.

    • King Charles III’s Coronation Roll presented to Their Majesties The King and Queen on Wednesday by Deputy Prime Minister Oliver Dowden and Antonia Romeo.
    • The Public will be able to view the Roll online.

    For the first time in history people will be able to explore a digitised version of the Coronation Roll through a new UK Government project.

    The Coronation Roll is the official record of the Monarch’s Accession and Coronation and is now online for the first time here. The Roll contains details of The King’s accession, the planning of the Coronation, and a detailed description of the ceremony. Rolls include the monarch’s oath to govern according to the customs and laws of the realm, and detail the ceremonial of the coronation – the prayers, the service, the blessings, the order of service, and official guests. For centuries the roll has been authored by the Clerk of the Crown in Chancery.

    The practice of creating rolls for monarchs’ coronations dates back to Edward II in 1308. Originally they were written in Latin and French. Rolls have been written in English from the seventeenth century and Charles III’s will be the first to be digitised to allow new generations of people to view it.

    Visitors to the site will be able to view video and photographs from the Coronation and exclusive interviews with many of the key participants including Archbishop of Canterbury Justin Welby, Lord President of the Council Penny Mordaunt and Earl Marshal, the Duke of Norfolk.

    Charles III’s Coronation Roll was authored by Antonia Romeo, the Clerk of the Crown in Chancery. It was produced by skilled craftspeople: hand-written by calligrapher Stephanie Gill, and decorated by heraldic artist Timothy Noad with national symbols of the United Kingdom including the English rose, Scottish thistle, Welsh leek and Northern Irish Shamrock. Rather than traditional vellum, it was created on high-quality animal product-free paper.

    Deputy Prime Minister Oliver Dowden and Antonia Romeo presented the new Coronation Roll and its digital version to Their Majesties The King and Queen at Buckingham Palace on Wednesday. Their Majesties also viewed several historic rolls: Elizabeth II’s, Victoria’s, William and Mary’s and Edward II’s.

    Deputy Prime Minister, Oliver Dowden, said:

    The Coronation Roll is a beautifully illustrated record and an important document of the accession and Coronation of Their Majesties The King and Queen.

    The Coronation marked a new chapter in our national story and it reflects the very best of our national traditions – which are admired the world over.

    For the first time, this Coronation Roll will be digitised – bringing the tradition into the twenty-first century and giving as many people as possible the opportunity to see it.

    Charles III’s Coronation Roll will be stored with other coronation rolls in the National Archives.

    View the Coronation Roll here: http://www.coronationroll.gov.uk

  • PRESS RELEASE : UK sanctions extremist groups and individuals for settler violence in the West Bank [May 2024]

    PRESS RELEASE : UK sanctions extremist groups and individuals for settler violence in the West Bank [May 2024]

    The press release issued by the Foreign Office on 3 May 2024.

    The UK has imposed new sanctions on extremist groups and individuals for inciting and perpetrating settler violence in the West Bank.

    • further sanctions package targets those inciting and perpetrating settler violence against Palestinian communities in the West Bank.
    • new measures follow unprecedented rise in settler violence over the last year and come after a previous UK sanctions package in February

    The Foreign Secretary has today announced further sanctions on extremist Israeli groups and individuals for violence in the West Bank.

    Today’s package includes 2 groups known to have supported, incited and promoted violence against Palestinian communities in the West Bank, as well as 4 individuals responsible for perpetrating human rights abuses against these communities.

    The measures follow an unprecedented rise in settler violence in the West Bank over the last year, with the UN recording at least 800 incidents since October.

    Hilltop Youth, one of the groups sanctioned today, is a hardline nationalist Israeli youth group which establishes illegal settler outposts across the West Bank with the stated mission of expelling all Palestinians from the Occupied Territories. Lehava is also sanctioned today for facilitating, inciting, and promoting violence against Arab and Palestinian communities.

    Foreign Secretary Lord Cameron said:

    Extremist settlers are undermining security and stability and threatening prospects for peace.

    This latest package of sanctions targets 2 groups leading these attacks, and 4 individuals who are directly responsible for egregious violence against Palestinian civilians.

    The Israeli authorities must clamp down on those responsible. The UK will not hesitate to take further action if needed, including through further sanctions.

    The 4 individuals sanctioned today for egregious human rights abuses against Palestinian communities are:

    • Noam Federman: a radical settler activist and former leader and spokesperson of the now-defunct Kach party, that espoused overtly racist and violent policies. He has trained settler groups to commit acts of violence against Palestinians and how to avoid repercussions from the Israeli state
    • Neria Ben Pazi: is responsible for illegally constructing 3 illegal outposts between 2015 and 2023 and has supported and participated in acts of violence and displacement of Bedouin and Palestinian communities in the West Bank
    • Eden Levi: has been documented on multiple occasions as taking part in assaults and intimidation of Palestinians, as part of a wider intimidation campaign aiming to drive their population out of the area. As recently as 12 October 2023, he was involved in an incident during which Palestinian villagers were beaten and sexually assaulted
    • Elisha Yered: is an unofficial spokesperson for Hilltop Youth. He has a history of making inflammatory statements inciting religious hatred and violence, including justifying the killing of Palestinians on religious grounds, and calling for the takeover of Palestinian land and the expulsion of Palestinians from the West Bank

    Today’s measures impose financial restrictions on the entities and individuals, and travel restrictions on the individuals.

    View the full UK Sanctions List.

    Further information

    Definitions

    • an asset freeze prevents any UK citizen, or any business in the UK, from dealing with any funds or economic resources which are owned, held or controlled by the designated person. It also prevents funds or economic resources being provided to or for the benefit of the designated person. UK financial sanctions apply to all persons within the territory and territorial sea of the UK and to all UK persons, wherever they are in the world
    • a travel ban means that the designated person is an excluded person under section 8B of the Immigration Act 1971, and must be refused leave to enter or to remain in the United Kingdom (and any leave given to a person who is an excluded person is invalid)
  • PRESS RELEASE : UK joins partners in condemnation of malicious cyber activity by Russian Intelligence Services – UK government statement [May 2024]

    PRESS RELEASE : UK joins partners in condemnation of malicious cyber activity by Russian Intelligence Services – UK government statement [May 2024]

    The press release issued by the Foreign Office on 3 May 2024.

    The United Kingdom has joined with its international partners to condemn malicious cyber activity by the Russian Intelligence Services.

    A UK government spokesperson said:

    The United Kingdom stands with the European Union, Germany, Czechia and other allies in strongly condemning malicious cyber activity by Russian Intelligence Services.

    Today’s statements from our allies demonstrate the scale, persistence, and seriousness of unacceptable Russian behaviours in cyberspace.

    Recent activity by Russian GRU cyber group APT28, including the targeting of the German Social Democratic Party executive, is the latest in a known pattern of behaviour by the Russian Intelligence Services to undermine democratic processes across the globe.

    On 7 December 2023, the UK exposed a series of attempts by the Russian Intelligence Services to target high-profile UK individuals and entities through cyber operations. At the same time, we sanctioned 2 Russian nationals responsible for political interference.

    With multiple elections around the world in 2024, raising awareness of the threat to the UK and our international partners remains vitally important for our collective resilience.

    Today, as part of a broad coalition of allies, we are making clear to the Russian state that we will continue to identify, expose, and respond to such unacceptable activity.

    View the full UK Sanctions List.

  • PRESS RELEASE : UK and Ukraine launch innovation partnership to power Ukraine’s recovery [May 2024]

    PRESS RELEASE : UK and Ukraine launch innovation partnership to power Ukraine’s recovery [May 2024]

    The press release issued by the Foreign Office on 3 May 2024.

    The UK and Ukraine have launched the InnovateUkraine programme, which will support 13 green energy innovation projects in Ukraine with a £16m investment from the UK government.

    The UK government has invested £16m in innovations which will support the recovery and future sustainability of Ukraine’s energy system. The programme aims to rebuild Ukraine’s energy system, displace fossil fuels, and support post-war recovery.

    The programme is delivered by a UK-based innovation agency and will leverage an additional £5m in private sector co-investment and involves collaborations between over 50 UK and Ukrainian organizations.

    Minister of Energy of Ukraine Herman Halushchenko said:

    Today we have a chance to demonstrate that the struggle for energy independence is  a fight for the future. The green transition goes way beyond ecology or distributed generation. For Ukraine, this is a matter of national security. I am sure that the implementation of the project in the field of green technologies is of great importance for the future cooperation between Ukraine and the UK in the energy sector.

    The British Ambassador to Ukraine Martin Harris said:

    I am proud that the UK continues to support the recovery of the Ukrainian energy sector, particularly after recent brutal attacks from Russia. We want to see it greener and more resilient.

    Our support for these 13 innovations – which bring together the best of British and Ukrainian business, universities, and civil society – will help Ukraine recover in a more sustainable way. These projects showcase the depth and breadth of partnership between our countries.

    Some notable projects include developing a new space heating technology for heat pumps, an innovative battery storage solution for renewables, a more targeted approach to harnessing geothermal energy in Ukraine, and work to optimise Ukraine’s bioenergy resources.

    The funded projects will execute their work plans over the next two years and receive support from an accelerator programme for further investment and market entry.

    Originally announced at the UK-hosted Ukraine Recovery Conference in June 2023, this partnership has been designed by the UK and Ukrainian Governments over the course of the last 12 months.

    By combining the rich science, technology and innovation heritage of both the UK and Ukraine, this competition aims to address not only Ukraine’s immediate priorities, but also wider global challenges.

  • PRESS RELEASE : UK Minister for Indo-Pacific’s meetings in China and Hong Kong [April 2024]

    PRESS RELEASE : UK Minister for Indo-Pacific’s meetings in China and Hong Kong [April 2024]

    The press release issued by the Foreign Office on 24 April 2024.

    UK Minister Anne-Marie Trevelyan met with senior representatives from the Chinese government and Hong Kong authorities as part of her 6-day visit.

    The UK Minister for the Indo-Pacific, Anne-Marie Trevelyan, met with senior representatives from the Chinese government and Hong Kong authorities as part of her 6-day visit to Beijing, Shanghai, Tianjin and Hong Kong.

    In Beijing, she met with Vice Minister of Foreign Affairs, Deng Li.

    The Minister reiterated to Vice Minister Deng the UK’s approach to China, in line with the Integrated Review Refresh – outlining the protect, align and engage pillars of the UK’s China strategy.

    They discussed the global issues on which the P5 Security Council need to cooperate. The Minister encouraged China to use its influence positively to avert further escalation in the Middle East; and urge Russia to end its illegal invasion in Ukraine, including through engaging constructively with international efforts to achieve a just peace, and ensuring Chinese companies do not circumvent sanctions by supplying Russia including through dual use goods and components.

    The 2 ministers explored mutual opportunities for greater co-operation between the UK and China on issues such as AI safety, trade, development, and climate change.

    During the meeting, Minister Trevelyan made UK concerns clear, on human rights, the implementation of National Security legislation and connected cases in Hong Kong, including Jimmy Lai’s ongoing trial. The Minister set out concerns against any interference in the UK’s democratic institutions, stressing the importance of the UK’s parliamentary democracy and that we will always put our national security first. She urged China to lift sanctions on MPs and other British nationals.

    Minister Trevelyan then travelled to Hong Kong in the first visit by a UK FCDO minister to the Special Administrative Region since 2018, meeting with Secretary for Financial Services and the Treasury, Christopher Hui.

    During the meeting, the Minister emphasised our historic ties to Hong Kong and its people and our support for rights and freedoms set out in the Sino-British Joint Declaration. The Minister raised concerns over the deterioration of rights and freedom in the city precipitated by the 2020 National Security Law, as well as the prosecution of Jimmy Lai and others and the recent passage of legislation under Article 23. She also addressed matters of concern for the BN(O) community in the UK including the imposition of bounties.

    The ministers also discussed important areas for pragmatic cooperation, including issues of global concern like financial stability, tackling illicit finance and leadership on green finance.

    Throughout the visit, the Minister reiterated the need for a constructive and open relationship to be able to discuss issues of mutual and global interest as well as areas of disagreement or concern.

  • PRESS RELEASE : Conflict-related sexual violence is not an inevitable consequence of war: UK statement at the UN Security Council [April 2024]

    PRESS RELEASE : Conflict-related sexual violence is not an inevitable consequence of war: UK statement at the UN Security Council [April 2024]

    The press release issued by the Foreign Office on 23 April 2024.

    Statement by Ambassador Barbara Woodward at the UN Security Council meeting on conflict-related sexual violence.

    Thank you, President, and I would like to thank SRSG Patten, Ms Ahmadi, and Ms Gurira for briefing us today. I would particularly like to thank SRSG Patten for her commitment to speaking out on behalf of victims and survivors, and for upholding and delivering on her mandate. Thank you.

    President, conflict-related sexual violence (CRSV) is not an inevitable consequence of war. The UK remains committed to tackling CRSV. Indeed, we have prioritised this agenda through the leadership of our Prime Minister’s special representative, and we’ve contributed through key initiatives including the launch of the Murad Code. I’d like to outline three priorities:

    First, on the focus of today’s debate: UNIDIR estimates that 70-90% of CRSV incidents involve weapons and firearms. In contexts where widely available small arms and weapons are contributing to high rates of CRSV, effective conventional arms control can play a vital role in prevention. Women should be at the centre of these efforts.

    Our own WPS National Action Plan highlights the importance of arms control. We call for the implementation of national arms control measures, including effective export controls, to strengthen CRSV prevention. Gender-responsive security sector reform will help ensure those who bear arms do not use them to perpetrate CRSV.

    The fact that CRSV is so widespread, as shown in the Secretary General’s Annual Report, is truly shocking. This Council has an essential role to play in shaping the international response to CRSV. We should use the tools the Security Council has to deter future CRSV, including through sanctions where appropriate.

    Second, President, there are three contexts I would like to draw particular attention to:

    First, In Sudan, as Ms Ahmadi’s moving briefing brought home to us so clearly, reports of CRSV paint a dire picture, and the UK is supporting partners to care for and protect survivors. We echo the Secretary-General’s call for the cessation of violence, an immediate and sustainable ceasefire and for humanitarian corridors so that survivors can access support.

    The second context is Ukraine. There is mounting evidence of conflict-related sexual violence committed by Russian forces against Ukrainian civilians and prisoners of war. Two Russian perpetrators have been convicted for CRSV. These acts appear to show a pattern where CRSV is being used as a weapon of war. The UK PSVI Team of Experts is helping to build investigatory capacity to support accountability in Ukraine.

    The third context, in Israel and the Occupied Palestinian Territories, we condemn all allegations and reports of CRSV. We call for thorough investigations and a survivor-centred approach, and for hostages to be released immediately, and for detainees to be treated with dignity and in line with humanitarian international law.

    Finally, President, in a world where, as we heard from Ms Gurira, 80 cents is all it takes to destroy a girl’s life, the UK continues to drive action to strengthen the global response to CRSV, having established last year the International Alliance on PSVI. Twenty-six members have joined including governments, multilaterals, survivors, and civil society organisations, including the ICC, and we continue to welcome new members. Through the Alliance, we are driving forward stronger international coordination to address CRSV and provide support to survivors.

    We call for Council members to implement the recommendations of this report to play their part to end these abhorrent acts and to end impunity for them, once and for all.

    Thank you.

  • Rishi Sunak – 2024 Defence Speech Made in Warsaw

    Rishi Sunak – 2024 Defence Speech Made in Warsaw

    The speech made by Rishi Sunak, the Prime Minister, in Warsaw on 23 April 2024.

    My first duty as Prime Minister is the security of the British people.

    And fulfilling that profound responsibility is only possible because of you.

    Just ten days ago, I gave the order for the RAF to join an international effort…

    …intercepting a barrage of Iranian missiles headed towards Israel.

    Those pilots, like you, and like every generation of British service men and women before you…

    …were willing to put their own safety over the line…

    …for the security of others and the defence of our liberties and our values.

    From your Regiment’s service in Iraq and Afghanistan…

    …to your current role here in Poland, protecting NATO’s eastern flank…

    …you have made those sacrifices in the service of our country.

    I am truly humbled by your courage and professionalism.

    And on behalf of a proud and grateful nation, let me simply say: thank you.

    But I haven’t just brought you together today to express my gratitude.

    I want to talk to you about how we equip you to do your duty…

    …in an increasingly dangerous world.

    We have entered a period of history in which competition between countries has sharpened profoundly.

    An axis of authoritarian states with different values to ours…

    …like Russia, Iran, North Korea, and China…

    …are increasingly assertive.

    The danger they pose is not new.

    But what is new is that these countries – or their proxies…

    …are causing more instability, more quickly, in more places at once.

    And they’re increasingly acting together…

    …making common cause in an attempt to reshape the world order.

    Now I know there are some people who will think these are faraway problems.

    But they are not.

    They pose real risks to the United Kingdom’s security and prosperity.

    Russia has already poisoned people on British soil with chemical weapons.

    Caused energy bills to soar.

    Weaponised migration.

    And sent technology to Iran in exchange for weapons, like the Shaheed drones…

    …that I saw myself are wreaking such devastation on Ukraine.

    Iran themselves have threatened to kill and kidnap people within our borders for exercising their right to free speech.

    And used proxies like the Houthis, to attack British ships in the Red Sea…

    …disrupting supplies of crucial goods to our high streets.

    North Korea, too, is supplying munitions and artillery to Russia…

    …and their hackers have targeted British businesses and the NHS.

    And Chinese state-affiliated actors have conducted malicious cyber campaigns…

    …against British MPs.

    China itself is engaged in a huge military modernisation programme.

    Potential flashpoints in the Indo-Pacific…

    …could have an impact on the global economy far larger even than Covid.

    And China is increasingly working with others to try and reshape the world…

    …including their so-called ‘unlimited partnership’ with Russia.

    So the new assertiveness of these authoritarian states far from our shores must concern us.

    Because they are increasingly acting together…

    …against the fundamental values that we all hold dear…

    …of democracy, freedom, and the rule of law.

    Now, we must not overstate the danger.

    We’re not on the brink of war.

    And nor do we seek it.

    And people should feel reassured…

    …that the UK’s armed forces are some of the most professional…

    …well-trained, well-equipped, and battle-ready in the world.

    And I’m incredibly proud of all they’ve achieved.

    From patrolling the Arctic Circle as part of the Joint Expeditionary Force…

    …to the campaign against Daesh in the deserts of Iraq and Syria.

    From protecting the freedom of navigation in the Red Sea…

    …to policing the skies above Eastern Europe.

    And just look at the investments we’ve made in the last decade.

    £40 billion in the British Army…

    …who proudly provide one of NATO’s strategic reserves…

    …with 16,000 troops deployed to Europe this year.

    The Royal Air Force, equipped with new Typhoons, Chinooks, F35s…

    …with the GCAP programme delivering new fighter jets with Japan and Italy.

    The Royal Navy is a carrier navy once again…

    …with 22 new ships and submarines on the way…

    …and the historic AUKUS partnership building the most advanced nuclear-powered subs the world has ever known.

    And we’ve launched a new national endeavour to invigorate and invest more in our nuclear deterrent.

    And all of this is combined with our outstanding diplomatic network…

    …development expertise, law enforcement and intelligence agencies…

    …and our support for allies – above all the £12bn we’ve provided to Ukraine.

    So I’m proud of our record on defence.

    And confident in our ability to deter our adversaries.

    …and ensure the security of the United Kingdom.

    But in a world that’s the most dangerous…

    …it’s been since the end of the Cold War…

    …we cannot – and must not – be complacent.

    As Churchill said, in 1934:

    “To urge the preparation of defence is not to assert the imminence of war.

    On the contrary, if war were imminent…

    …preparations for defence would be too late.”

    I believe we must do more…

    …to defend our country, our interests, and our values.

    So today, I’m announcing…

    …the biggest strengthening of our national defence for a generation.

    We will increase defence spending to a new baseline of 2.5% of GDP, by 2030.

    That starts today.

    And rises steadily in each and every year.

    Over the next six years, we’ll invest an additional £75bn in our defence.

    And it will be fully funded with no increase in borrowing or debt.

    So this is not some vague aspiration for the future.

    We have a clear plan for what we’ll spend, when we’ll spend it, and how we pay for it.

    A plan that makes the United Kingdom by far the largest defence power in Europe – and second largest in NATO.

    Today is a landmark moment in the defence of the United Kingdom.

    This is a generational investment in British security and British prosperity.

    It makes us safer at home and stronger abroad.

    Now we have three immediate priorities for this new investment.

    First, we will put the UK’s own defence industry on a war footing.

    One of the central lessons of the war in Ukraine…

    …is that we need deeper stockpiles of munitions…

    …and for industry to be able to replenish them more quickly.

    So today, we’re giving £10bn in munitions to give industry long-term funding certainty…

    …backed by long-term contracts…

    …so they can produce more, be readier to surge capacity…

    …and move to ‘always on’ production, when required.

    From surface-to-air-missiles made in Bolton…

    …to anti-tank weapons in Belfast…

    …we will replenish our stockpiles…

    …all while supporting British jobs right across the Union.

    But it’s not just about investing more – we must invest better.

    For too long, too much of our defence procurement…

    …has been over-complex, over-budget, and over-time.

    So we are making radical reforms to our procurement model…

    …to make sure this new investment delivers value for money.

    And to encourage private sector investment into defence production…

    …I can also announce today that we’re going to put beyond doubt that defence investment…

    …does count towards environmental, social and governance assessments.

    There is nothing more ethical than defending our way of life from those who threaten it.

    Now all of this will put us at the forefront of the global defence industry…

    …allow us to hugely ramp up defence production…

    …and give our armed forces the capability they need to keep us safe.

    But as in so many areas of our lives, technology is changing the face of war.

    So our second immediate priority is innovation and new technology.

    We need to innovate and adapt faster than our adversaries…

    …in space and cyberspace just as much as land, sea, and air.

    Look at Ukraine.

    Many aspects of the war would be familiar to a soldier from WWI or II

    Yet others would be unimaginably different.

    Like the fact that cheap, high-tech, autonomous drones could disable large parts of Russia’s Black Sea fleet.

    The good news is that innovation is already one of our greatest strengths.

    The UK’s own Dragonfire laser directed energy weapon…

    …costs only £10 a shot…

    …yet is accurate enough to hit a £1 coin from a kilometre away.

    And today we’re going further.

    We will increase defence R&D to at minimum to 5% of the defence budget.

    Invest far more in autonomous drones.

    And we will set up a new Defence Innovation Agency.

    So that for the first time, decisions about defence innovation…

    …will be brought together in a single, strategic agency…

    …that will be freed from red tape …

    …and work with the private sector on emerging new technologies.

    Now third, we must support Ukraine for the long term.

    Since the Cold War ended, the freedom of our continent has been based on a simple idea:

    That it is for people to decide the fate of their countries, not foreign armies.

    But allow Putin to win in Ukraine…

    …and that principle of sovereignty would be undermined.

    We would be dragged back to a world…

    …where brute force, rather than the democratic will of free peoples…

    …would shape borders and decide futures.

    And Putin will not stop in Ukraine.

    Win there, and he – and indeed others – will be emboldened.

    He has the desire, if not yet the capacity, to attack other countries in Europe…

    …potentially including NATO allies, who we would be bound to defend…

    …just as they are bound to defend us.

    The costs of failing to support Ukraine now will be far greater than the costs of repelling Putin.

    Because only if he fails will he and other adversaries be deterred.

    That is why the United Kingdom…

    …whose history of standing up to dictators is so much part of our national consciousness…

    …has come together with our allies to stand with Ukraine from the very start.

    Today we will go further.

    We will send Ukraine an additional half a billion pounds , hitting £3 billion of support this year.

    And we’ll provide them with largest-ever package of UK military equipment.

    This will include more than 400 vehicles…

    …4 million rounds of ammunition…

    …60 boats and offshore raiding craft…

    …vital air defences…

    …and long-range precision-guided Storm Shadow missiles.

    And as we make our historic commitment to increase defence spending to 2.5% of GDP…

    …we’ll move past this stop-start, piecemeal way of backing Ukraine…

    …so that alongside our long-term security guarantee…

    …we are today providing a long-term funding guarantee…

    …of at least the current level of military support to Ukraine, for every year it is needed.

    That is the longest commitment any nation has provided.

    And it shows that Ukraine is not alone, and Ukraine will never be alone.

    A decade ago, as Russian tanks rolled into Crimea…

    …and the fight against ISIL raged across the Middle East…

    …NATO allies came together in Wales, and reached an historic agreement…

    …to increase their defence budgets to 2% of GDP.

    Back then, the UK was one of only 4 countries who did so.

    Today, there are 11.

    And I believe we will look back on this moment…

    …as a similar turning point in European security.

    Because for all that we welcome the news over the weekend…

    …that the US Congress agreed a new package of aid for Ukraine…

    …support that will be indispensable on the frontline…

    …this is not the moment for complacency.

    We cannot keep expecting America to pay any price or bear any burden…

    …if we ourselves are unwilling to make greater sacrifices for our own security.

    So I’m proud that the United Kingdom is increasing our defence spending to £87bn a year…

    …the biggest strengthening of our national defence in a generation…

    …guaranteeing our position as the second largest defence power in NATO, after the US.

    All across Europe…

    …countries like Poland, Germany, Norway and the Baltic nations…

    …are stepping up to take greater responsibility for our own security.

    And I’m confident that whether in months or years…

    …others will follow, too.

    And at this turning point in European security, if 2.5% becomes a new benchmark for all NATO partners to reach…

    …allied defence spending would increase by over £140 billion.

    That would provide a level of safety and security for the British people…

    …and the peoples of all allied nations…

    …that far outstrips anything we could achieve alone.

    To conclude, we did not choose this moment. But it falls to us to meet it.

    In a world of increasing threats, we must show our enemies that we are resolute and determined.

    That their attempts to destabilise our world or redraw its borders by force will fail.

    That with our friends and allies, we will be at the forefront of the defence of the free, democratic world.

    And under my leadership, the United Kingdom will always stand up for our interests…

    …deter our enemies, and defend our values.

  • PRESS RELEASE : Agreed joint statement from HM Treasury and the Investment Association [April 2024]

    PRESS RELEASE : Agreed joint statement from HM Treasury and the Investment Association [April 2024]

    The press release issued by HM Treasury on 23 April 2024.

    Investing in defence companies contributes to our national security, defends the civil liberties we all enjoy, while delivering long-term returns for pensions funds and retail investors.

    That is why the UK’s world leading investment management industry supports our defence sector, with the Investment Association’s members having invested £35 billion in UK defence companies.

    Investing in good, high-quality, well-run defence companies is compatible with ESG considerations as long-term sustainable investment is about helping all sectors and all companies in the economy succeed.