Sunday, April 1, 2018

UK To Boost Defence Spending By £600m

David Bond, Financial Times (UK)
28 March 2018 
UK prime Minister Theresa May announced an unexpected boost to British defence spending on Wednesday, handing an extra £600m to the Ministry of Defence for its Dreadnought nuclear submarine programme.
Speaking at Prime Minister’s questions, Mrs May said: “The chancellor of the exchequer and I agreed the Ministry of Defence will have access to £600m this coming financial year for the MOD’s dreadnought submarine programme. Today’s announcement will ensure the work to rebuild the UK’s new world class submarines remains on schedule and another sign of the deep commitment this government has to keeping our country safe.”
Mrs May went on to explain that when added to a further £200m released by the government’s supplementary estimates in February, a process where officials and ministers can release extra funding for existing and news spending commitments, the move takes the total of extra new money for the MoD to £800m in this financial year.

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