Actual Cost of Chagos Surrender Deal is £35 Billion – Guido Fawkes

FULL FIGURES: Actual Cost of Chagos Surrender Deal is £35 Billion

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Freedom of Information requests fired by the Tories have discovered the actual cost of the Chagos Surrender deal: £34.7 billion in nominal terms. Guido has the full figures…

Starmer and ministers claimed – including in the Commons – that the cost would be £3.4 billion “calculated using the Treasury’s rules.” That is using “Net present value” calculations which are almost never used by the government to explain costs or funding. Guido and others pointed out at the time that this was tosh and the accurate figure was over £30 billion…

Figures laid out below show the actual figure was reduced to £10 billion to account for 2.3% inflation – then forced down again using something known as the “Social Time Preference Rate” which is a Treasury tool to frontload the stated value of spending. The figure Starmer peddled is 90% lower than the actual funds to be handed over…

Badenoch said this morning: “Starmer betrayed public trust by misrepresenting the real cost, which will fund tax cuts in Mauritius. Now tax rises are coming to pay for this nonsense. When Labour negotiates Britain loses.“ Thank goodness Mauritians get their income tax cut…

Read the full Tory FOI releases below: