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Proceeding contribution from Vincent Cable (Liberal Democrat) in the House of Commons on Tuesday, 30 March 2010. It occurred during Budget debate on Budget Resolutions and Economic Situation.


Budget Resolutions and Economic Situation

That is not the information that we have received. We have repeatedly checked our understanding of the charges involved in such a decision. There are two different components to the end of the Eurofighter contract, as the hon. Gentleman knows. We believe on the basis of what we have been told—of course, we are not told everything, because some of this is supposedly commercially confidential—and on the basis of our information that some savings could be made. Like the hon. Gentleman, however, we take the view that the bulk of the savings that will have to come from defence procurement—there will be a lot—must be considered through an overall review of our strategic objectives, provided that that takes place quickly in the early stages of the next Parliament.


Secondary information

Type
Proceeding contribution
Reference
508 c682 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Childcare Cost effectiveness Capital investment Education Economic situation Pre-school education Public expenditure Schools VAT Economic recession Academies Children's centres Cuts Budget March 2010
Link
View this Proceeding contribution on www.publications.parliament.uk