Recommendation 1

Economic security is fundamental to national security. We welcome the Government’s recognition of this. By its very nature however, only industry and Government working jointly and severally together can safeguard the UK’s economic security through the ‘whole of society approach’ to defence which the Prime Minister has said the times now require. New safeguards however will not come without cost. On the contrary, a stronger defence of our economic security will require sustained long-term public and private investment. This in turn will require both clarity and certainty about the Government’s objectives, well beyond the life of one Parliament. (Conclusion, Paragraph 19)