Lord Anderson of Swansea
Main Page: Lord Anderson of Swansea (Labour - Life peer)Department Debates - View all Lord Anderson of Swansea's debates with the Ministry of Defence
(6 years, 11 months ago)
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Earl Howe
My Lords, the depreciation of the pound is certainly an issue that we are wrestling with. To a certain extent, the Ministry of Defence hedges against currency devaluation but we cannot do that indefinitely into the future. We are protected to a large degree at the moment. But it is one of the reasons why we need an NSCR exercise such as the one going on at the moment, which is about not only investing in capability wisely but doing it in a cost-informed way.
Lord Anderson of Swansea (Lab)
My Lords, there has recently been good news about co-operation with the French on naval capability. Does the Minister anticipate any further developments of this sort, where we co-operate with our close allies?