Thread: The Chronicles of Rishi
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Old 08-03-2024, 08:56   #1703
1andrew1
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Re: The Chronicles of Rishi
More mess for Starmer to inherit. Wonder why we've got a weak Pound?
Quote:
UK has no 'credible' plan to fund military equipment as multibillion-pound deficit revealed

The committee accused the Ministry of Defence of putting off painful decisions about what equipment programmes would have to be cancelled for the plan to be affordable.

The UK has no "credible" plan to buy all the weapons it needs after a huge jump in the cost of the nuclear deterrent helped to create a record funding gap, a group of MPs has warned.

Inflation and a weak pound also contributed to the hole of at least £16.9bn in a rolling, 10-year plan to get equipment for the Army, Royal Navy and Royal Air Force, the Public Accounts Committee said in a scathing report.

The actual deficit is likely to be closer to £30bn if all the capabilities required by the Army - rather than only those it can afford - are included in the costs, the MPs said on Friday.

The committee accused the Ministry of Defence (MoD) of putting off painful decisions about what equipment programmes would have to be cancelled for the plan to be affordable.
https://news.sky.com/story/uk-has-no...eport-13089653
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