Today's defence related news includes coverage of the Public Accounts Committee report into MOD finances.
The Herald, The Sun, The Financial Times, The Times, The Telegraph, and The Mirror all cover aspects of the PAC report into MOD finances, with a particular focus on the MOD equipment plan in which PAC claims there is a £7-15bn funding gap.
An MOD spokesperson said:
We are confident that we will deliver the equipment plan within budget this year, as we did last year, as we strive to ensure our military have the very best ships, aircraft and vehicles.
At the same time, we are addressing the financial challenges posed by ambitious, complex programmes, after securing a £1.8 billion financial boost for defence and reducing forecast costs by £9.5 billion through efficiency savings.
We are grateful for the PAC’s report on the Equipment Plan, and we will carefully review all of its recommendations.