£10bn 'Black Hole' Means New Defence Cuts Loom -- The TelegraphMore British Service personnel, aircraft and warships could be cut because of a new multi-billion pound black hole uncovered in the defence budget.
The Daily Telegraph has learned that Ministry of Defence officials have calculated that the department is at least £10 billion short of what it will need in the coming years.
The financial “mismatch” is larger than all the defence cuts announced in last year’s Spending Review, and has raised fears of another round of painful reductions in the Armed Forces.
The MoD’s budget, £33.8 billion this year, is being cut by 8 per cent over four years.
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My Comment: This story (U.K. budget cuts), keeps on repeating itself .... repeating itself .... repeating itself.