The Ministry of Defence's multibillion budget overrun has been caused in part because of its spending splurge on flashy new "cyber" capabilities, according to the National Audit Office.
The MoD faces an "unaffordable" spending plan between now and 2030 thanks to poor management and planning, said the NAO in its latest report.
"The Department faces the fundamental problem that its ambition has far exceeded available resources," it thundered. "As a result, its short-term approach to financial management has led to increasing cost pressures, which have restricted Top-Level Budgets from developing military capabilities in a way that will deliver value for money."
The MoD faces a budget black hole measured in billions thanks to its profligacy – and even the announcement of a cash top-up of £4bn per year between now and 2024, on top of its £41.2bn annual budget, won't be enough to plug it, according to the ...
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