Dr Luke Evans

Dr Luke Evans

Conservative — Hinckley and Bosworth

Speaking in the House of Commons on 28 January 2026

Debate

British Indian Ocean Territory

Contribution

I entirely agree with my right hon. Friend, who has experience of running a Department. I find it all the more frustrating that Ministers cannot simply set out the difference between the two values when I as a Back Bencher can spot it and explain it. The question is which is the better tool and why. Net present value has domestic use, and that is why the Office for National Statistics will not come out and say that there is a problem with it. It is a legitimate tool to use, but it is being used inappropriately when we are dealing with sovereignty. The assumptions that the Government are building their figure on are 3.5% for the first 30 years, but this is a 99-year lease. We do not even know what will happens with the other 70 years. If we compare with other countries, we see that the US uses a 7% social discount rate. We are posing simple questions, doing our job on the Opposition Benches, trying to get answers from Ministers as to why we would use this net present value. When we take everything into account, if we use simply an inflation-adjusted amount, it is £10 billion. There are three figures out there that are all correct, but all stand to be used in a different way. The fact that a Minister repeatedly cannot answer those questions is of due concern to Opposition Members. I will turn to the size of the environmental aspect. It has been pointed out multiple times that Mauritius does not have a navy or a force to protect the blue planet programme that is in place. Why am I concerned about that? We know that the 2015 UNCLOS tribunal was all about the fact that the UK wanted to put more protections in, but the Mauritians wanted fishing rights in the area—we already have history there—yet we would not have the Navy to enforce protections. It is a simple question for the Government to answer: how will they resolve that problem?

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