Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.Donate to our crowdfunder
To ask the Secretary of State for Defence, what recent estimate he has made of the affordability gap in the Equipment Plan 2017-2027.
The Equipment Plan financial summary 2017-2027 set out the Department's plans for spending on equipment procurement and support in the 10-years from 2017-18 as at April 2017. The Department successfully delivered the first year of this plan within budget, as presented in the Department's annual report and accounts 2017-18. We reported our latest estimate of the affordability of the Equipment Plan in the Defence Equipment Plan financial summary 2018, published on 5 November 2018. Our central estimate of the forecast cost variance to budget was £7.0 billion over the 10 years from 2018-19, on base cost of £193.3 billion, which includes the remaining nine years of the Equipment Plan 2017-2027 period.