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Tuesday, March 23, 2010

MoD projects face cancellation over £36bn black hole in budget

Astute class submarineThe Ministry of Defence is facing a black hole of more than £36bn in its budget, risking the operational needs of the armed forces and making some major projects simply "unaffordable", according to a scathing House of Commons report.

Systemic failure, the inability to take into account the effect of impending spending cuts and the near certainty of the defence budget not increasing mean the MoD "will undoubtedly need to take difficult decisions, including possibly cancelling projects".

The report, by the Commons' Public Accounts Committee, comes amid all the major political parties warning that the defence budget will have to be cut in an economically straitened time.

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