Dec 4, 2023 SOURCE: AFP
UK has record £16.9bn shortfall in defence budget: watchdog
The UK's defence department is facing a £16.9 billion ($21.4 billion) shortfall in its equipment budget due to inflation and demands from the government's updated strategy, the public spending watchdog said Monday.
"The Ministry of Defence (MoD) acknowledges that its Equipment Plan for 2023-2033 is unaffordable, with forecast costs exceeding...
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