§ Mr. Banksasked the Secretary of State for Defence (1) what is the total amount at current prices which is planned now to be cut in defence expenditure;
(2) what is the total amount at current prices by which the Government have cut defence expenditure from the budgets existing when they took office.
§ Mr. MulleySince this Government took office, the planned level of defence expenditure we inherited has been reduced by some £8,000 million at 1976 Survey Prices. The latest cut was the £100 million reduction for 1977–78 announced in July 1976.