Asked by: Pat McFadden (Labour - Wolverhampton South East)
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, if he will make an estimate of the potential impact of exchange rate movements between the pound and the US dollar on foreign exchange costs incurred by his Department in the (a) 2021-22 and (b) 2022-23 financial year.
Answered by Alec Shelbrooke
We do not routinely release forecast figures regarding exchange rate movements for the current or future financial years.
The MOD builds appropriate levels of contingency and risk into the Defence budget and equipment plan. We carefully monitor fluctuations in currency markets and take steps to protect our budget from short term volatility, including through forward purchase arrangements.
Asked by: Pat McFadden (Labour - Wolverhampton South East)
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, how many (a) direct employees, (b) contractors, and (c) agency workers who work in their Department and relevant agencies and public bodies, receive a wage below that of either (i) the UK Real Living Wage outside of Greater London, or (ii) the London Living Wage inside of Greater London, as determined by the Living Wage Foundation.
Answered by Leo Docherty - Minister of State (Ministry of Defence) (Minister for the Armed Forces)
The information requested about contractors and agency workers is not held. It is taking time to collate the required information to answer the hon. Members Question about direct employees. I will write to him when the information is available, and a copy of my letter will be placed in the Library of The House.