Oral Answers to Questions

Christopher Pincher Excerpts

Monday 31st January 2011 Commons Chamber

[Dr Fox]

There can be some savings on contract renegotiation, and they are currently being discussed, but in the very near future I shall set out a new set of rules for the management of financial projects, which I hope will ensure that we get real-terms control over budgets. Far too often, we have been looking at post-mortems by the National Audit Office, and in my previous profession I did not regard post-mortems as a satisfactory outcome.

[Christopher Pincher (Tamworth) (Con)]

T2. As my right hon. Friend seeks to build the armed forces covenant, will he pay close attention to the Strachan report and, in particular, those recommendations to offer enhanced accommodation allowances, expand the pilot shared equity scheme and encourage banks to offer forces-friendly mortgages, so that members of our armed services get a firmer foot on the property ladder?

[Dr Fox]

It was, indeed, a valuable set of recommendations, and we are going through them one at a time at the moment. I am instinctively very much in favour of all the elements that my hon. Friend sets out, and in the very near future we shall in fact produce some further projects, which I hope will provide considerable enhancements to some elements of the covenant not previously covered—and at minimal cost to the taxpayer.