Question to the Ministry of Defence:
To ask the Secretary of State for Defence, with reference to the oral evidence by David Williams to the Public Accounts Committee on 14 November 2022, HC 727, if he will make an assessment of the potential impact of inflation on the delivery of (a) Morpheus, (b) Ajax and (c) other projects.
We continue to monitor the impact of inflation on the Department's budget. Inflation remains a pressing concern for Defence and we are managing its impact through new and existing controls, including a greater use of index-linked fixed price contracts and forward purchasing of foreign currency.
Additionally our unreserved contingency funding will also help offset this pressure.