Source · Select Committees · Public Accounts Committee
Recommendation 12
12
MoD nuclear programmes are healthier but future funding requests for HM Treasury remain possible.
Conclusion
The MoD said that its nuclear programmes are in a much healthier position than for many years.37 The MoD has agreed a minimum 10-year budget with HM Treasury for its nuclear activities of £109.8 billion, and it said that the £7.9 billion deficit in the 26 C&AG’s Report, para 1.3 27 Qq 24, 25 28 Q 26; C&AG’s Report, para 1.12 29 C&AG’s Report, para 1.13 30 Qq 24, 25 31 House of Lords, Ministry of Defence: Equipment Plan, volume 834, 7 December 2023 32 Q 26 33 Qq 27, 65 34 Q 26 35 C&AG’s Report, paras 16, 2.16 36 Q 12; C&AG’s Report, para 2.17 37 Q 78 MoD Equipment Plan 2023–2033 11 nuclear budget compared to forecast costs was broadly manageable.38 However, the MoD acknowledged that it cannot rule out asking HM Treasury for more money for nuclear programmes in future planning rounds.39
Government Response
A response document is linked to this report, dated 28 May 2024. Response attribution to this conclusion has not been verified. Read the response document ↗