Lord Touhig
Main Page: Lord Touhig (Labour - Life peer)Department Debates - View all Lord Touhig's debates with the Cabinet Office
(12 years, 8 months ago)
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Lord Touhig
My Lords, the defence estate represents 1 per cent of the land mass of Britain and is worth over £15 billion. Have the Government looked at disposing of some defence estate assets, a policy that I pursued when I was a Defence Minister? There is a lot of money there that could be used to improve the quality of accommodation for our service men and women.
Lord Wallace of Saltaire
I assure the noble Lord that the Government have looked at that, although I suspect that we will not follow the example of the Icelandic Government in considering selling large chunks of the defence estate to Chinese investors.