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.
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.