Question to the Ministry of Defence:
To ask the Secretary of State for Defence, with reference to the Defence Equipment Plan 2022-2032 published on 29 November, what his Department's worst-case projection for the pound/dollar exchange rate is.
We do not routinely release forecast figures regarding exchange rate movements for the current or future financial years.
The focus of the EP22 is to produce a reliable assessment of affordability of the Department's equipment programme. We remain confident in the resilience of our spending decisions, as well as our levels of contingency and risk, despite now living in a more volatile environment.