What happened The UK has agreed to transfer sovereignty of the Chagos Islands to Mauritius in a £3.4 billion deal. As part of the agreement, Britain will lease back the largest island Diego Garcia for 99 years to maintain a joint US-UK military base there, paying £101 million annually.
Who said what There was "no alternative" to this agreement, Starmer said at the UK's military headquarters yesterday. Defending its cost, the prime minister said it was "part and parcel of using Britain's reach to keep us safe at home", and was less than the cost of running one aircraft carrier for a year.
However, there is some "confusion over the government's calculations" of £3.4 billion, according to Sky News. If inflation were to remain zero for the next century, the full cost would work out to about £10 billion over 99 years. But assuming an average of 2% inflation, the broadcaster's analysis suggests it could rise as high as £30 billion. The figures are a "sleight of hand", agreed Sam Ashworth-Hayes in The Telegraph. "Quite why, having signed an embarrassingly defeatist treaty," Starmer is also assuming zero inflation "will have to remain a mystery."
What next? Parliament will debate ratifying the deal, amid fierce criticism that it weakens UK sovereignty and security. The Chagos Islands row was a "diplomatic boil than needed to be lanced", said James Landale on the BBC, but MPs and commentators continue to argue over the agreement's merits and limitations. |