Nuclear Deterrent

Part of Business of the House – in the House of Commons at 3:48 pm on 17 January 2013.

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Photo of Nick Harvey Nick Harvey Liberal Democrat, North Devon 3:48, 17 January 2013

I did not say that they would be willing to see Moscow flattened—most certainly they would not. I am saying that there are other ways of inflicting damage on Russia that it would consider unacceptable.

I mentioned that there will be a vast opportunity cost to be paid if we decide to commit these funds, which, let us refresh our memories, in today’s money will be approximately £25 billion to £30 billion on the capital investment in a further generation of submarines. On top of that, we have to factor in the running costs of a nuclear deterrent on this scale for 30 or more years of through-life costs—more than £3 billion a year in today’s money. Beginning to total that out and factoring in decommissioning at the end, we are talking about an expenditure of more than £100 billion. We need to look closely at whether that is justified in the context of the size of our defence budget, and what we are able to make available for other forms of defence and security in an increasingly dangerous and changing world.