Lib Dems outraged as Labour sells last Government shares in Trident

Nick Harvey, Lib Dem shadow defence secretary, and the party’s deputy leader, Vince Cable, have condemned the decision of the Government to sell its last remaining shares in the Aldermaston Atomic Weapons Establishment in Berkshire to an American company – without telling Parliament. The BBC reports:

The move means Britain no longer has any stake in the production of its Trident nuclear warheads. … The fee paid by California-based Jacobs Engineering has not been disclosed. The sale of British Nuclear Fuels’ stake means Jacobs has control of one third of Aldermaston’s operating company, AWE Management. The other two thirds were already in private hands. They are split equally between American defence giant Lockheed Martin and the British plc Serco. Aldermaston is responsible for the production of warheads for the Trident nuclear deterrent programme and its planned replacement.

Nick Harvey condemned Labour’s decision:

The whole argument used for Britain having a separate weapons establishment is that this is required by the non-proliferation treaty, as technology sharing is not allowed. We must therefore query the rationale of a US company having a majority shareholding in AWE. How does this all square?”

And Vince appeared on BBC News to denounce the Government for selling assets at “a terrible time” economically, meaning the taxpayer would not get good value for the sale of the shares. You can see Vince interviewed here.

Read more by or more about , or .
This entry was posted in News.
Advert

2 Comments

  • Hywel Morgan 21st Dec '08 - 1:36pm

    When does this sale actually go through. If it already has, or is imminent is there not a strong case for demanding the return of Parliament.

    This is the sale of something which is of manifest importance to national security* and has been done without discussion in Parliament as to the implications. SO I’ don’t think it’s an excessive step.

    * In the context of an independent deterrent being a key part of our defence strategy – there is a fair debate to be had about whether that is a good policy but if we have an independent deterrent we should be confident it works if needed.

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert

Recent Comments

  • David Allen
    A clear, credible, principled strategy from the Yorkists! Makes a welcome change. Sadly, followed by twenty below-the-line posts, providing nearly twenty ve...
  • Simon McGrath
    so we get a permanant increase in costs for these subsidies based on ( alleged ) windfall profits. Its another big increase in spending -how is it to be paid ...
  • Peter Davies
    @Kira CollinsThat assumes we want to help people more with their energy bills than with all the other bills they may be struggling with. There is no reason why ...
  • Rob Heale
    Agree that we need to focus on strategy and have clearer messaging:- 1. We MUST prioritise membership recruitment in all we do, including PPB's, most leaflets...
  • Kira Collins
    Disappointed. The most obvious means of reducing energy bills is to remove VAT. Relatively straightforward to do and does not adversely impact on the attractive...