Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the effect on the cost to the public purse of the (a) Trident renewal programme and (b) Hinkley Point contracts of the change in the value of the pound since the EU referendum.

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.

The Ministry of Defence addresses the impact of short term variations in foreign exchange rates as part of the routine financial management of the Defence programme. This includes the forward purchase of foreign currency at agreed prices using services provided by the Bank of England and HM Treasury.