Defence: Energy

Ministry of Defence written question – answered on 21st September 2022.

Alert me about debates like this

Photo of Lord Lee of Trafford Lord Lee of Trafford Liberal Democrat

To ask Her Majesty's Government what is their estimate of the effect of increases in energy costs on the defence budget; and what effect they anticipate such increases will have on defence procurement programmes.

Photo of Baroness Goldie Baroness Goldie Lord in Waiting (HM Household) (Whip), The Minister of State, Ministry of Defence

High energy costs, which drive inflation, will reduce the Ministry of Defence's spending power over the Spending Review period and beyond. However, due to its volatility, a precise estimate of the impact of inflation is challenging. Our existing controls will substantially limit exposure and we keep our programmes under constant financial review, using our contingency to manage risks if they materialise.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.