Select committee: Public Accounts Committee
Conclusion 15
32nd Report - The Future of the Equipment Plan
Published 20 Jun 2025
Addressed to HM Treasury
Public Accounts Committee The Future of the Equipment Plan All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
The Department’s support for Ukraine has also led it to reconsider what level of financial and operational risk it is willing to tolerate. A higher risk appetite allows equipment to be delivered quicker as there is less checking for mistakes. Circumstances can affect the risk appetite – in a war situation, for example, the risk appetite is extraordinarily high. The Department is trying to streamline its procurement processes by pushing decision-making down the hierarchy as much as it can. To do this, the Department said it must gauge which of its regulations and procedures are sensible, and which are arcane.25 This includes ensuring that the approvals process strikes a better balance between assurance and pace.26
From: Public Accounts Committee, 32nd Report - The Future of the Equipment Plan (HC 716), 20 June 2025
Government response
Latest Treasury Minutes progress report to the Committee of Public Accounts on the Thirty-second Report of Session 2024-26
The government responded to the whole report on 4 June 2026 (deadline 20 August 2025).
Treasury minutes: Government response to the Committee of Public Accounts on the Thirty-second report from Session 2024-26
Published 16 September 2025.
Summary written by Accountability Index from the government's response. It is not the government's own words.The government agrees with five of the Committee's recommendations on Ukraine support, procurement reform, the Strategic Defence Review and annual reporting, and disagrees with the recommendation on detailed Defence Nuclear Enterprise cost reporting in the annual update.
- On Ukraine, the government agrees with the recommendation and states that the department will support Ukraine "for as long as it takes", expecting to provide £4.5 billion in capability support this financial year.
- It agrees to update the Committee by June 2026 on procurement lessons from Ukraine and on how procurement has improved under the National Armaments Director Group, with a target to agree key performance indicators "within the next three months".
- It agrees to turn the Strategic Defence Review into a Defence Investment Plan, to be published in the autumn, which the department "will ensure" is affordable, and says it will provide updates "as requested by the Committee".
- It disagrees on Defence Nuclear Enterprise reporting, saying it is "better" to provide the financial information within wider MOD financial reporting, and is "continuing to consider" an earlier proposal for a new scrutiny committee.