MoD Balances Books First Time In Four Decades, Defence Secretary To Announce -- The TelegraphThe Ministry of Defence has finally balanced its books for the first time in four decades, the Defence Secretary is to announce.
The notorious £38 billion “black hole” in MoD finances has been “dealt with” and the department's “hand to mouth existence will come to an end,” Philip Hammond will say.
Ministers have even found a "spare" £2.1 billion which has been earmarked for several major spending projects to be announced in the coming weeks.
The money has come from a combination of draconian cuts over the last two years, tough bargaining with industry and a one per cent increase in the equipment budget.
Read more ....
My Comment: To save the British military .... we had to gut, crush, and eliminate it. Hmmmm .... in view of all the cuts and terminations, this boasting of a balanced budget is something that I would not "crow" about too much.