The UK MoD is still failing to effectively manage its finances, according to a damning report published on 13 May by the UK Public Accounts Committee (PAC).
The study into the MoD’s ten-year equipment plan and major projects report suggests that whilst some progress had been made by the department in controlling procurement costs, elements of its £164 billion 2013-2023 equipment budget were still ‘uncertain’.
A £1.2 billion underspend during 2012-2013 was a major concern – the PAC warned that if left unaccounted for, large sums could be withdrawn from MoD budgets by the treasury, potentially putting the armed forces
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The initial document focused more on creating the right partnerships and inspiring investment in defence than on any details of how future UK Armed Forces would be armed.
The first stage of developing a new UK Defence Industrial Strategy has highlighted failings in current structures with solutions expected to be proposed in next year’s full strategy.
Romania joined NATO more than two decades ago and the country is vital to the alliance’s geographic reach and its ability to supply Ukraine with weapons.
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
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