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Rearmament Expenditure

Volume 530: debated on Wednesday 21 July 1954

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asked the First Lord of the Admiralty how much it was planned to spend on the Royal Navy in the three-year programme beginning in 1951 how much was actually spent in the period: and the value of this amount, in terms of 1950 prices.

The accelerated rearmament programme which was launched in the early spring of 1951 envisaged the spending of up to £1,025 million on the Royal Navy during the three years 1951 to 1954. Actual expenditure over that period has been approximately £976 million; the exact figure for 1953–54 is not yet known.The provision made in Navy Votes to meet price and wage increases between the end of 1950 and April, 1954, amounted roughly to £60 million.