§ Mr. LeighTo ask the Secretary of State for Defence what the changes to stock reduction targets for slow-moving stock and consumables have been, following the undertaking by his Department in its response to the 13th report of the Committee of Public Accounts in Session 2002–03, MoD: Progress in Reducing Stocks, to revisit them. [163933]
§ Mr. Ingram[holding answer 29 March 2004]: Since June 2003, stock reduction targets for slow-moving stock and consumables have been re-visited. As a result of this work, financial provision targets have been replaced by actual stock disposal targets at gross book value. These revised targets were disaggregated and issued in January 2004 to individual budget holders and are being monitored to ensure that the progress required is being made.
The new targets are detailed in the table:
Million Disposal targets 2003–04 259.4 2004–05 180.9 2005–06 153.0 Total 593.3