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Lord Altrincham (Con)

Speaking in the House of Lords on 12 January 2026

Debate

Diego Garcia Military Base and British Indian Ocean Territory Bill

Contribution

I will speak briefly to the rest of the amendment. The amounts referenced in the Chamber and during the passage of the Bill have not been correct. We need to make sure that the treaty is amended to reflect what the Government’s intention is: that it should be a payment of £3.4 billion and not an open-ended economic exposure. Given the extremely unusual and long-dated nature of this contract, we need to make sure the treaty is amended to protect UK taxpayers and, indeed, to maintain confidence in the sovereign credit of the UK.

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