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Sunday, July 27, 2008

Full cost of Astute subs was concealed

Ministry of Defence officials concealed the full cost of Barrow’s new Astute class nuclear submarines by switching £227m of costs to another account.

That’s according to the House of Commons Public Accounts Committee, which found around £1bn of costs for major weapons and equipment purchases had been reallocated or “juggled” around to disguise their full cost, over the past two years.

In its latest report it said the MoD was attempting to make projects appear cheaper by transferring some of their costs.

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