Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether the contracts relating to the provision of (a) Trident and (b) Hinkley Point are denominated in pounds, euros or dollars.
The Hinkley Point C contract is denominated in pounds, and there has been no effect on the cost of the public purse as a result of the change in the value of the pound following the EU referendum.
All of MOD’s direct contracts with industry on the Dreadnought programme are denominated in pounds sterling. Separately, a number of specific components for the programme are purchased under a UK Government arrangement with US Government; these purchases are made in US dollars.