§ 37. Mr. Speedasked the Secretary of State for Defence what is the latest estimated annual net saving to his Department's budget caused by the closure of Gibraltar dockyard; and what proportion of the total defence budget this represents.
§ Mr. Ian StewartThe closure of Gibraltar dockyard is estimated to save £13 million net per annum at current prices. These savings, which approach 0.1 per cent. of the 1983–84 provision for defence, would be offset by redundancy payments in the first year.