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Army: Chelsea Barracks

Volume 698: debated on Tuesday 29 January 2008

asked Her Majesty's Government:

Whether the profits of the sale of Chelsea Barracks will be included in the Ministry of Defence's budget settlement for the next three years; and, if so, whether they will be ring-fenced to support housing for frontline troops. [HL1350]

The MoD will retain the full benefit from the sale of Chelsea Barracks, which will be reinvested in service accommodation. The MoD's Comprehensive Spending Review reflects anticipated receipts from the sale of Chelsea Barracks during the Comprehensive Spending Review years.