Lord Reid of Cardowan
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Nuclear Weapons
Lord Reid of Cardowan Excerpts(4 years, 11 months ago)
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Lord Reid of Cardowan (Lab)
My Lords, I am slightly confused. Traditionally, our nuclear deterrent was funded from the Treasury. Is that still the case, or is it now part of the MoD costs? That has a tremendous bearing on the original Question—whether it would have a knock-on effect on procurement. I am happy for her to consult the Minister beside her.
Baroness Goldie
I do not want to get lost in or confuse your Lordships with accountancy semantics. My understanding is that the initial money comes from the Treasury but goes into the budget of the MoD, which then has to meet its spend obligations.