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United Kingdom · Question · Written question

HL HL10425

Defence: Procurement

answeredUnited Kingdom· UK Parliament· EN

Introduced

1 October 2018

Last action

15 October 2018 · Answer

Status

Answered

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Subjects

Defence

Source updated

15 October 2018

Defence

Summary

To ask Her Majesty's Government what are the implications for the defence budget of rising oil prices.

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Timeline

  1. 1 October 2018

    Written question

    To ask Her Majesty's Government what are the implications for the defence budget of rising oil prices.

    Source: Lords

  2. 15 October 2018

    Answer

    The Ministry of Defence (MOD) undertakes substantial purchases of fuel commodities, the price of which will be influenced by oil prices. The Department secures a degree of protection against changes in price by purchasing hedging contracts that are equiva...

    Source: Written answer

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