Search This Blog

Sunday, May 13, 2012

Govt balances defence budget 'black hole'

[Queen Elizabeth class]Defence Secretary Philip Hammond said he had finally balanced his department's books, in an interview out Sunday, following a week in which he made a U-turn on purchasing jets, to the annoyance of France.

Hammond told The Sunday Times he will be able to announce this week that he has fixed the £38 billion so-called "black hole" in the Ministry of Defence (MoD) budget.

The government said it inherited a raft of unfunded spending commitments when it took over from Labour in May 2010.

Read more
om

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

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.