Search This Blog
Saturday, July 31, 2010
MoD may sell carrier to fill huge hole in defence budget
Britain may be forced to sell one of its flagship new aircraft carriers to plug a huge hole in its defence budget.
Talks are taking place at the Ministry of Defence about finding a buyer for one of the ships being built at a cost of £5.2 billion for the Royal Navy. The financial crisis at the MoD has deepened after Chancellor George Osborne rejected a bid by Defence Secretary Liam Fox to get the Treasury to pay for the renewal of the Trident nuclear deterrent, which will cost tens of billions.
Senior military insiders are not optimistic about forcing the Treasury to change its stance on funding the upgrade of the submarine-borne nuclear weapons system.
Read more
Subscribe to:
Post Comments (Atom)
Fair Use Notice
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.
The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.
I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.
If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.
This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.
The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.
I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.
If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.
This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.