Linked Data API

Filter

These are the filters currently being used to limit the search results. Click on the remove filter icon to remove the filter.

date	2020-03-03
tabling member › label	Biography information for Mr Kevan Jones
uin	24263

Sort by

This list shows the properties that you can sort by. Click on to sort in ascending order and to sort in descending order. The properties that you're currently sorting by are shown at the top of the list. Click on remove this sort to remove a sort and or to reverse the current sort order. Click on the remove all sorting icon to remove all the sorting. Note that sorting can significantly slow down the loading of the page.

View

Choose what information you want to view about each item. There are some pre-defined views, but starred properties are always present no matter what the view. You can star properties by clicking on the icon. The currently starred icons have a icon; clicking on it will unstar the property.

Items per page

Choose how many items to view on each page. The more items you view, the longer the page will take to load.

Show Search Form

Search Results

registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

grouped question UIN

question first answered

answering member


label

tabling member


label

1182212

registered interest

date

03/03/2020

answering body

Ministry of Defence

answering dept id

answering dept short name

Defence

answering dept sort name

Defence

hansard heading

Defence: Procurement

house id

legislature

25259

pref label	House of Commons

question text

To ask the Secretary of State for Defence, with reference to the NAO's report of 27 February 2020, The equipment plan 2019 to 2029, HC 111, 2019-20, what the percentages are of (a) USD and (b) EU foreign exchange rate losses of the £1.5 billion losses referenced in that report.

tabling member constituency

North Durham

tabling member printed

Mr Kevan Jones

uin

24263

answer

is ministerial correction

date of answer

09/03/2020

answer text

<p>The assessment of affordability presented in the Ministry of Defence Equipment Plan report of 27 February 2020 includes forecast costs for foreign currency using the most likely exchange rates at the reporting date (April 2019). The NAO calculated that these costs could be £1.5 billion more over 10-years based on less favourable exchange rates in October 2019. All of this was due to US Dollar exchange rate changes. Forecast exchange rates have since improved so these additional costs no longer represent the most likely outcome, though the Department recognises the risk of additional costs as exchange rates fluctuate in response to events.</p><p>The Department plans on the basis of most likely costs using foreign exchange rate forecasts from professional forecasting agencies and theoretical economic models. The department limits the risk of additional costs by purchasing a proportion of demand up to three years in advance at fixed prices using services provided by the Bank of England and HM Treasury. The impact of short-term variations in foreign exchange rates are managed as part of the routine financial management of the defence programme.</p>

answering member constituency

Horsham

answering member printed

Jeremy Quin

grouped question UIN

24264

question first answered

09/03/2020 16:20:54

answering member

4507

label	Biography information for Sir Jeremy Quin

tabling member

1438

label	Biography information for Mr Kevan Jones