My Lords, I declare my interest as director of the army Reserve. The Public Accounts Committee identified a black hole of some £16.9 billion in our capital programme. That sounds a lot, but over 10 years it is actually less than 5% of the programme and manageable. However, as night follows day, there will be deferrals or cancellations of capital projects within the MoD. Normally, it is the smaller, short-term projects that are deferred or cancelled, as opposed to larger, long-term projects. In order to meet the Chief of the General Staff’s aim of doubling the lethality of the British Army in the next three years, it is these very short-term, small projects that are required. When it comes to the balance of investments, will this desire be taken into account?