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.
UK News: Britain's armed forces face a funding shortfall of 17 billion pounds over the next 10 years, the largest deficit since 2012. The budget for new weapon
UK Public Finances Stay Vulnerable as Inflation Weighs morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Sterling Faces Further Underperformance Amid High UK Inflation morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
The FTSE 100 Closed Up 0.3% Wednesday as BP and the wider oil sector pushed the index to its highest levels since 2019, CMC Markets analyst Michael Hewson says in a note. As natural gas prices.