Luke Pollard

Luke Pollard

Labour (Co-op) — Plymouth Sutton and Devonport

Speaking in the House of Commons on 9 September 2025

Debate

Diego Garcia Military Base and British Indian Ocean Territory Bill

Contribution

I understand the argument that the right hon. Gentleman is trying to make, but I hope that he appreciates my argument that the calculation is based on the OBR’s inflation and deflation figures and on the social time preference rate. It is a figure that has been calculated and supported by the OBR, and it stands up to scrutiny. If Conservative Members are saying that they no longer wish to use the Green Book for calculating long-term investments like this, which is their inferred argument, then it is worth looking at what they are suggesting that we no longer use the Green Book to calculate—they are making an awfully large spending commitment when they suggest that.

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