Member

A large number of the amendments in this group seek to deal with reviewing payments, including Amendment 22 tabled by the noble Lord, Lord Callanan. I completely reject this amendment. There has been much debate on this topic in both Houses. I reiterate that the full costings of the agreement were published alongside the treaty and laid in both Houses on 22 May. The average cost per year in today’s money is £101 million, and the present net value of payments under the treaty is £3.4 billion.