(14 years, 2 months ago)
Commons ChamberThe right hon. Gentleman is obviously right to raise what could be a very serious issue. The suggestions in the press, none of which have been confirmed, are that the decision to place the major contracts on Trident could be delayed until the next Parliament, which is presumably due to begin in 2015. As the major contracts at the moment are only expected to be signed in 2014, I hope he would agree that a 12-month delay would not be that serious and might allow the decision to be taken in a more favourable economic climate. If, on the other hand, the Government were contemplating a five-year delay beyond 2014, we would be in a very different situation.
Or even in a more favourable political climate. One of the difficulties is that people accept the reasonableness of what the right hon. and learned Gentleman has said and do not think it is a very significant decision. He needs to research this matter because, when it comes to building submarines, we have slowed the drum beat down so much that our ability to slow it down further simply does not exist. There is already a gap and we will lose the capability, which we will have to recreate—if we want to do so—at considerable expense to the taxpayer. That will not be for years to come—it will not be in the next two or three years—but down the line the expense will be massive and the kind of overheating in the defence budget that the Chairman of the Defence Committee complains about will have been hugely exacerbated.