Budget 2026 evidence on public finance, defence and growth
What it examines
Three Treasury hearings examine the purpose and assessment of public financial investment. Economists distinguish defence industrial capacity from procurement. OBR witnesses explain that they did not make the comparative productive-use assessment raised by an MP. The Chancellor says whether NWF and BBB investment counts towards NATO targets depends on its use.
Why it matters
Brings together scrutiny of what the UK expects from its public financial institutions and how their contribution is assessed. The evidence contains witness views and ministerial explanations, not measured investment outcomes or a settled NATO accounting determination.
This entry groups hearings held on 3, 4 and 11 November 2026. Their transcripts were published on 4, 5 and 12 November respectively. The entry date is the latest transcript publication date. The ordered-to-publish date in each transcript is the hearing date.
Institutions and themes
Related documents
Catalogue entry reviewed 13 Nov 2026. The summary describes the publication’s analysis; it does not establish that historical findings remain current.