Since the referendum on leaving the European Union we have seen the pound lose value against the dollar. This has had consequences for our procurement of arms from the United States as well as other nations.
For example the new F35 fighter jets we have ordered have increased in price – costing taxpayers more for our security. The Secretary of State admitted in his answer that the changes in the exchange rate have cost nearly a quarter of a billion pounds extra. That’s money that could have been spent on the NHS, police, education, or a better resourced military to name but a few.