Hinkley Point C Power Station and Trident Submarines

(asked on 31st October 2016) - View Source

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.


Answered by
David Gauke Portrait
David Gauke
This question was answered on 7th November 2016

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.

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