MoD accused of poor planning over carriers

One of the navy's two new aircraft carriers could be in jeopardy as the MoD faces a funding crisis.

The £3.9bn deal for the ships was criticised by the Commons' public accounts committee in a review of the department's budget.

It said the MoD faces a shortfall of up to £36bn in the coming years, because it had been over-optimistic about the amount of money it would get from the Treasury.

Read more