International Investment - Statement

Part of the debate – in the House of Lords at 3:37 pm on 17th October 2017.

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Photo of Lord Lea of Crondall Lord Lea of Crondall Labour 3:37 pm, 17th October 2017

My Lords, does the Minister agree that Boeing has for many years been a classic example of indirect support of the military-industrial complex—to use General Eisenhower’s phrase—in the United States through defence expenditure, R&D and so on, and that the same applies to high-tech industries generally? Therefore, is it not a fact that we have to scrutinise matters very carefully and take a robust view of our long-term strategic interest when it comes to the arguments that keep flying around across the Atlantic?