Summary
POOR management and a failure to adhere to sensible principles has plunged the Ministry of Defence a further GBP 1.7 billion into the red on its key equipment projects - enough to cover the annual running costs of 1,000 regiments.
Completion times for major projects, including the Eurofighter and the new Type 45 destroyer, have also been further delayed, leaving the armed forces to wait on average another three months for the delivery of much needed new kit.See the full content of this document
Extract
Mod Debt Would Fund 1,000 Regiments
Yesterday the MoD admitted the overspending would inevitably have an impact on future defence budgets and...
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