Foreign, Commonwealth and Development Office written question – answered at on 18 July 2025.
Richard Holden
Opposition Whip (Commons), Shadow Paymaster General
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, pursuant to the Answer of 9 June 2025 to Question 54794 on British Indian Ocean Territory: Sovereignty, what the value of each annual payment is in cash terms.
Stephen Doughty
Minister of State (Foreign, Commonwealth and Development Office)
We have published the full costs alongside the Treaty and provided further detail in the accompanying explanatory memorandum. These were laid in the House on the day of signature. The average cost per year in today's money is £101 million and the net present value of payments under the treaty is £3.4 billion.
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Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.
