My Lords, I absolutely agree with the sentiment behind the noble Lord’s question that we owe our service personnel a great deal. As I have already stated, the forces accommodation project is under way. All options are being considered, and it is too early to pre-empt the outcome of that project. We will develop a future employment model that is affordable and balances the aspirations of service personnel with the demands that service life makes of them.
My Lords, I am delighted to hear that all options are being considered by my Government. Will my noble friend consider making available a house purchase deposit loan scheme to members of the Armed Forces? All of us in the House will realise that mortgage lenders require very high deposits these days.
My Lords, my noble friend will, I suspect, know that the MoD continues to support the Armed Forces home ownership scheme pilot. We also encourage service personnel to explore the three main products available from the Government to help to purchase a property: FirstBuy, New Build HomeBuy and HomeBuy Direct. Service personnel now have the highest priority for access to FirstBuy schemes. Additionally, we are working with mortgage lenders and their professional bodies to develop guidance for their dealings with members of the Armed Forces, while assisting personnel to enter into the UK housing market by offering a long service advance of pay to those eligible.
(14 years, 6 months ago)
Lords ChamberMy Lords, I have just said that the Government agree that we must pay closest attention to the effect on the most disadvantaged in society. The noble Lord, Lord Anderson, specifically asked about the devolved Administrations. At this stage, all that I can say is that we acknowledge that these cuts must be fair. While savings are to be made as a top priority, they must be done sensitively.
My Lords, will my noble friend encourage the Government to produce soon an accurate figure of the total accrued national debt, including the off-balance-sheet debt, such as the total PFI liabilities and the massive sums owing for unfunded public sector pensions? I am sure that that figure would help us in debates such as this.
My Lords, I am most grateful to my noble friend Lord Burnett for that point. As he is aware, there will be a Budget shortly, which will tackle the task he has suggested. There will also be established an Office for Budget Responsibility. Its job will be to root out and identify the items to which he specifically referred.