The delusion that Britain is a serious player as a part-time constable in America's World Police continues. Think about this when a coalition suit tells you that you need to tighten your belt and social care has to take more cuts.
The MoD will incur further costs from cancelling contracts and substituting alternative capabilities. The committee has asked the National Audit Office to investigate the decision to scrap Nimrod aircraft as well as all of Britain's Harrier jump-jets.
It also wants investigation of the delays surrounding the nuclear-powered Astute submarine fleet, which led to an extra £1.9bn in costs, and of the expenditure on two large aircraft carriers, the cost of which has so far risen by £2.8bn over the £3.5bn estimated when first approved in 2008. The PAC believes the carriers could end up costing as much as £12bn. From here.

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