Stephen Doughty

I will carry on, and then I will take the intervention from the hon. Member for Huntingdon (Ben Obese-Jecty), who has raised these issues before. For all the good intentions, I am afraid that Lords amendment 5 is unnecessary. We have been clear about the costs of the deal from the moment of signature. We published full details of the financial arrangements the very same day the treaty was signed, including in the financial exchange of letters and the explanatory memorandum laid before Parliament. If Opposition Members are having difficulty finding where that is, it is on pages 9 and 10 of the explanatory memorandum. The documents set out the payment schedule and the confirmed amounts at that time. The methodology is clear: the average annual payment has been calculated using forecast inflation figures from the Office for Budget Responsibility. We used the forecast GDP deflator, which is published regularly. That generated the real value of the payments, which is the valueusb adjusted for inflation to create a fair comparison with other costs. Members will recall that this equates to less than a quarter of 1% of the Defence budget and compares favourably to the cost of comparable overseas facilities. I have mentioned the facility that France pays for in Djibouti. This is an immensely more valuable facility. It is priceless for our defence capabilities and those of our allies.