Oral Answers to Questions
Debate between James Naish and Chris Elmore(1 week, 1 day ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Chris Elmore
As the hon. Gentleman knows from the many questions that I have answered on this issue, and indeed the debate we had in this place that secured the Bill’s Third Reading, the cost of the agreement in today’s money is £101 million, and the net present value over 99 years is £3.4 billion. However much he comes up with other fantasy figures, they are simply incorrect; these are verified by the Government Actuary’s Department. If he wants to talk about spending and value, I will not apologise for spending on our national security and keeping this country and our allies safe. For comparison, he might like to reflect on the fact that the annual payment is 20% less than the cost of the festival of Brexit.
James Naish (Rushcliffe) (Lab)