(8 years, 2 months ago)
Commons ChamberT1. If he will make a statement on his departmental responsibilities.
My immediate priorities remain success in our operations against Daesh, and implementing our strategic defence and security review commitments. On Friday week, I will join the Prime Minister for the NATO summit in Warsaw, where we will review progress since the Wales summit, agree further reassurance to our eastern allies, and take further steps to demonstrate the alliance’s strength and unity.
Given the unfortunate success of the Brexit campaign and the subsequent downward spiral of the value of the pound, which now sits at a 31-year low, will the Minister tell me the additional cost of the Trident renewal programme on top of the current estimate of £205 billion?
In the strategic defence and security review, we published our most up-to-date assessment of the cost of the Trident replacement programme at £31 billion, plus a contingency of a further £10 billion.