Ministers urge banks to step up support for defence industry

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The Business Secretary and minister for defence procurement are hosting a meeting with bosses across the defence and finance sectors.

Ministers are calling on banks and investors to step up support for the UK’s defence sector despite pressure from activists over ethical concerns.

Mr Reynolds said they will discuss how to grow the economic potential of the defence industry and the “changing perceptions of it among investors”. The meeting also comes after a raft of anti-war protests against banks by activist organisations such as Palestine Action.

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