Cost Of Britain’s Military Programmes Soars £500m In Just A Year ‘Due To Wasteful MoD Chiefs’ -- Daily Mail* 15 procurement projects have overspend of £6.1billion
* £42billion black hold in Ministry of Defence budget
The cost of Britain’s biggest military programmes has soared by £500million in a year because ‘wasteful’ defence chiefs failed to ‘live within their means’.
A withering Commons report today finds that 15 crucial procurement projects are £6.1billion - or 11.4 per cent - over budget.
The spiralling bill for new equipment, including ‘hunter-killer’ submarines, fighter jets, aircraft carriers and transport planes, is revealed as the Armed Forces are ordered to make crippling cuts.
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My Comment: You would think that after massive budget cuts the MoD would get it's act together. Sighhhh ... apparently not.