Proceeding contribution from Lord Marlesford (Conservative) in the House of Lords on Wednesday, 18 May 2011. It occurred during Ministerial statement on Nuclear Deterrent.

Nuclear Deterrent

My Lords, can my noble friend help me to understand the cost figures he gave? He quoted the figures from the 2006 White Paper as £11 billion to £14 billion. He said that those figures, quoted at 2006 prices, do not account for inflation and that the equivalent today is £20 billion to £25 billion at outturn. That is an increase of 78 to 82 per cent in cash terms. The inflation rate from January 2006 up to May 2011 is 22 per cent. How does the rate of 22 per cent tie in with the 80 per cent increase in the figures he has given?

Secondary information

Type: Proceeding contribution
Reference: 727 c1404
Session: 2010-12
Chamber / Committee: House of Lords chamber
Subjects: Costs Nuclear weapons Procurement Nuclear disarmament Safety Nuclear submarines
Link: View this Proceeding contribution on www.publications.parliament.uk

Nuclear Deterrent

Secondary information

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