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MoD’s financial blunder costs taxpayer £1.35bn

The National Audit Office (NAO) has criticised the Ministry of Defence (MoD) for poor financial management of three critical infrastructure projects on its nuclear-regulated sites.

MoD’s financial blunder costs taxpayer £1.35bn
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The budget for the projects has overrun by £1.35bn from the original £2.5bn cost projection with delays of between two and six years. The issues relate to the defence nuclear enterprise, a network of equipment, people and infrastructure.'

Read more at Accountancy Daily

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