Britain's armed forces face an equipment funding shortfall of 17 billion pounds ($21.6 billion) over the next 10 years, a public spending watchdog said on Monday, a concern for defence chiefs at a time of heightened geopolitical risks. The National Audit Office (NAO) put the estimate for the budget for new weapons and equipment at 305.5 billion pounds for 2023-2033, 16.9 billion pounds over budget, the largest deficit since its first report in 2012. Soaring costs in nuclear and naval programmes, as Britain works on a replacement nuclear deterrent, as well as high inflation have pushed up the future budget, the NAO said.
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 its current budget by £16.9 billion," the National Audit Office (NAO) said in its annual report.
Grass Valley City Manager Tim Kiser could be getting a raise if the City Council approves an amendment to his contract at tonight’s regularly scheduled meeting at 7:00 p.m. in