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Wednesday, December 21, 2011

New Trident spend to near £4bn by 2016

Vanguard-classThe government will have spent £3.9bn on the programme to replace Britain's nuclear deterrent submarines before it makes the final 'main gate' decision on renewal in 2016, it has been revealed.

Answering questions from Labour MP and Campaign for Nuclear Disarmament vice chair Jeremy Corbyn, who described Trident as a "vanity project", defence equipment minister Peter Luff told Parliament that the money was preserving the option of renewal for the next government.

"We expect to spend £3.9bn on the successor submarine programme by the main gate decision-point in 2016. We have deferred the decision on the future warhead until the next Parliament," said Luff.

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