UK MoD equipment budget set to increase as of 2015
Despite a multi-billion pound deficit in the UK MoD’s procurement plans, ‘significant’ equipment purchases, including 14 new Chinooks, have been included in a £3 billion additional defence equipment budget proposed to begin in 2015.
The package was announced by Defence Secretary Liam Fox on 18 July as part of Future Force 2020, the long-term vision of the UK forces so as to fund ‘vital future military equipment’.
‘For the first time in a generation, the MoD will have brought its plans and budget broadly into balance, allowing it to plan with confidence for the delivery of the future equipment budget,’
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