Further to that point of order, Mr Speaker. We now know undoubtedly that The Sunday Times was given access to the White Paper, because people could read most of it in The Sunday Times the day before Parliament saw it, although crucially the article did not mention up to 12 new SSNs—nuclear-powered attack submarines. I will explain in a quick second why that is important, Mr Speaker.
At 10.30 on the Monday morning, journalists were invited to a reading room in Horse Guards Parade, where they were given access to the White Paper. Section 8.11 of the “Ministerial Code” clearly states:
“where commercially sensitive material is involved, no copies should be made available to the media before publication.”
Thus, that was clearly a breach of the code.
However, there was an earlier sitting in the reading room, at 8 am, when we know the White Paper was also seen by members of defence companies, trade associations, academics, think-tanks and trade unionists, at the same time that the markets were opening. Mr Speaker, there is a possibility of insider trading. The share price of Babcock, which would benefit from maintaining SSNs, leapt very early on after 8 am—