UK Parliament / Open data

Budget Resolutions and Economic Situation

One of the problems in our reconnaissance capability, particularly our maritime reconnaissance and drone capability, is that we have to import the equipment. When there is a recognisably a gap, we will have to import it and that will add to our budget deficit. The OBR report accompanying the Budget statement shows a deterioration in the current account deficit to record levels. All that the hon. Gentleman is showing is the weakness in our manufacturing capability, and that has not been resolved in all the years of his Government.

Type
Proceeding contribution
Reference
598 c405 
Session
2015-16
Chamber / Committee
House of Commons chamber
Back to top