Ministry of Defence to benefit from extra £800 million
The Ministry of Defence will benefit from an extra £800 million in the next financial year, the Chancellor and Defence Secretary have confirmed.
This includes access to £600 million from the Dreadnought contingency, announced in 2015, and will ensure that the UK’s new world-class nuclear submarines are delivered on time and within the £31 billion budget agreed at the Strategic Defence and Security Review in 2015.
In addition £200 million was agreed at the Supplementary Estimates earlier in the year.
A Royal Navy submarine has always been on patrol, providing the continuous at sea deterrent for almost 50 years. And the next generation of submarines will ensure this can continue into the future, deterring conflict and protecting the nation 24 hours a day, 7 days a week, 365 days a year.
This money funds a key government priority that has been the bedrock of defence policy for nearly 50 years.
Defence Secretary Gavin Williamson said: “This is a welcome boost to our Armed Forces, ensuring we can continue to back-up our national security with the ultimate capability. In a world of intensifying and evolving threats, we must strengthen and maintain our ability to seize opportunities and counter challenges as they emerge.
“I have launched the Modernising Defence Programme to ensure we have the capabilities we need to keep Britain safe in an increasingly dangerous world.”
If you would like to join our community and read more articles like this then please click here.
The post Ministry of Defence to benefit from extra £800 million appeared first on Defence Online.