Armed Forces Redundancies Debate

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Department: Ministry of Defence
Tuesday 22nd January 2013

(11 years, 3 months ago)

Commons Chamber
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Mark Francois Portrait Mr Francois
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My hon. Friend is probably the greatest living expert in the House on the reserve forces, so I shall not contradict him here and now. I pay tribute to his work on the reserves commission and to all the preparatory work that he and others, including the vice-chief of the defence staff, undertook in order to put us in the position of having £1.8 billion of resources over 10 years to grow our reserves and to make that a practical reality. I thank him for all that he has done on that.

Jim Shannon Portrait Jim Shannon (Strangford) (DUP)
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I thank the Minister for his reassurance about retraining for those who have life after military service. This is not just about the value of military redundancies and the reallocation of housing, however; it is also about mortgages for new houses and how best those people should use their redundancy packages. What monetary advice will the Minister give to those who receive redundancy packages?

Mark Francois Portrait Mr Francois
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We provide financial advice to members of the armed forces at various stages of their careers. When applicants—and non-applicants—go through the redundancy process, the career transition partnership provides them with considerable assistance. I believe that discussions on their financial situation, and on what jobs they might apply for, form part of that process.