MoD facing £6 billion cuts for 10-year equipment plan as auditors say affordability at risk

‘The National Audit Office has warned that the Ministry of Defence has to find almost £6 billion for their 10-year equipment modernization plan if they want to remain within budget. This might mean dipping into a reserve fund set aside for unforeseen risks.
Whitehall’s spending watchdog looked into the MoD’s spending plans for 2016 to 2026 and released its report on Friday. The total cost currently stands at £178 billion, and the plan among others includes procuring twenty-four new F-35 fighter planes, Dreadnought nuclear submarines and nine Boeing P-8 Poseidon reconnaissance craft to replace the Royal Air Force’s old Nimrod jets.’
Read more: MoD facing £6 billion cuts for 10-year equipment plan as auditors say affordability at risk