Increase in Defence Budget Falls Far Short of Resolving Financial Woes of the Armed Forces
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Summary
THE 1.4% budget increase in real terms for the Ministry of Defence announced yesterday by the chancellor will be dwarfed in a department with an immediate shortfall of (pounds) 1.9bn and cost overruns of (pounds) 3.1bn on future projects.
The rise over the next three years will almost certainly not save doomed regiments, provide lightweight, armoured vehicles, nor help to ease the burden of manpower-intensive operations in Iraq, Afghanistan and Northern Ireland.See the full content of this document
Extract
Increase in Defence Budget Falls Far Short of Resolving Financial Woes of the Armed Forces
Most of the money was pledged in the past two years and has already been built in to the MoD's calculations.
The war in Iraq threw those sums into disarr...See the full content of this document
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