HL Deb 16 October 1995 vol 566 c81WA
Lord Kennet

asked Her Majesty's Government:

How they define "value for money" in procurement matters when they exclude the political, economic and industrial aspects of the national interest from the criteria the Ministry of Defence uses in its procurement decisions (HC Deb., 13.7.95 cols. 793 and 794).

The Parliamentary Under-Secretary of State, Ministry of Defence (Earl Howe)

To secure value for money in defence procurement all relevant aspects are considered. Primarily, this includes factors which affect the through-life cost of an equipment or its operational performance, but we also consider relevant economic, industrial and international political aspects.