Nigel Farage

Nigel Farage

Reform UK — Clacton

Speaking in the House of Commons on 26 February 2025

Debate

British Indian Ocean Territory

Contribution

What is agreed universally is that the cost is £9 billion—the Government do not question that at all. Whether there is front-loading or not, we do not yet know, but let us assume that the cost is £90 million a year for 99 years. A lot of people in the media and in politics seem to have a problem with basic arithmetic and compounding: £90 million a year, index-linked at 3%, is £52 billion—a completely eye-watering sum. I am very surprised that His Majesty’s loyal Opposition are not using that number, or perhaps they are just so embarrassed about having begun the negotiations themselves—I do not know.

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