Rachel Reeves tells ministers to ‘buy British’ in four key industries
Summary
Chancellor Rachel Reeves has told government ministers to prioritize awarding contracts to British companies in four main industries: shipbuilding, steel, energy, and artificial intelligence. She expressed disappointment that many contracts are currently going to foreign firms and said officials will now oversee contract decisions to ensure more support for UK businesses.Key Facts
- Rachel Reeves sent a letter to all cabinet ministers instructing them to “buy British” when awarding government contracts.
- The focus is on four industries: shipbuilding, steel-making, energy, and artificial intelligence.
- The Treasury and Cabinet Office will monitor and can override contract decisions by ministers.
- Reeves is unhappy about recent contracts given to foreign companies, including a £200 million navy support vessel contract to a Dutch firm and a £9 million ship refit to a Danish shipyard.
- A £1.9 billion contract to upgrade the Faslane nuclear submarine shipyard might also be awarded abroad.
- Some contracts, like parts for an offshore windfarm, could involve Chinese suppliers.
- British unions oppose awarding contracts to foreign companies, citing impact on UK jobs.
- Some government officials argue competitive bidding gets the best prices for taxpayers.
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