I am glad that the right hon. Gentleman has raised the issue of the contents of Labour’s dodgy dossier on defence procurement, which are a fascinating read. They include allocating the loss on Nimrod, which the Labour party had governed for 13 years, to a Conservative Government and the fact that the Labour party had estimated that aircraft carriers would cost only £2.7 billion when in fact they cost over £6 billion. Considerable amounts of the so-called “waste” in the dossier show a breathtaking misunderstanding of both accountancy and how things operate when it comes to procurement. Retiring an aircraft last year that was due to retire in 2015—the Sentinel—does not make it a write-off or a waste; it is getting rid of a piece of equipment that is no longer value for money in delivering what we need to deliver. If he wishes to become the future Defence Secretary, I suggest he takes a course in accountancy first.