The equipment plan for Britain’s armed forces is “unaffordable” and faces its largest budget black hole for more than a decade, according to a damning report by parliament’s spending watchdog.
The National Audit Office said the Ministry of Defence estimates a shortfall in its budget for new weapons and equipment over the next 10 years of £16.9bn — the largest deficit in the department’s annual 10-year forecasts since they were first published in 2012. In a worst-case scenario, it could reach £29.8bn.
At the end of March this year, estimated costs were £305.5bn compared with a budget of £288.6bn.
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