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Volume 491: debated on Monday 20 April 2009

To ask the Secretary of State for Defence what recent assessment he has made of the effects of reductions in the value of sterling on the estimated costs of the Trident replacement programme. (269711)

The main part of the programme, covering the successor to the Vanguard Class submarines, has yet to reach the Initial Gate approval stage. In accordance with normal MOD procurement processes, a revised cost estimate that is due in September 2009 will inform this decision and this will include an assessment of the exchange rate risk.