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Written question asked by Lord Beamish (Labour) on Monday, 12 December 2022, in the House of Commons. It was due for an answer on Wednesday, 14 December 2022. It was answered by Alex Chalk (Conservative) on Tuesday, 20 December 2022 on behalf of the Ministry of Defence.


Defence Equipment: Procurement

Question

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.

Answer

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.


Secondary information

Type
Written question
Reference
108099
Session
2022-23
Related items
Subjects
Defence equipment Exchange rates Dollar
Link
View this Written question on www.parliament.uk