MoD fiscal black hole continues to threaten equipment plans
With the ink still drying on the UK MoD’s newly released Defence Equipment Plan, the National Audit Office’s (NAO’s) stinging analysis of the MoD’s financial management could well set a grim backdrop for the upcoming Integrated Review of the country’s security, defence and foreign policy capabilities.
Published on 27 February, the Defence Equipment Plan outlines spending across all military domains over the next ten years. However, the continued existence of a funding black hole threatens current and future procurement programmes.
Key findings by the NAO reveal that the Equipment Plan ‘remains unaffordable’, with the MoD estimating that equipment and support
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Naval Warfare
-
![Euronaval 2026: Red Cat’s Blue Ops follows USV demand from Asia to the Andes]()
Euronaval 2026: Red Cat’s Blue Ops follows USV demand from Asia to the Andes
With its B-26 USV in full-rate production, Blue Ops is seeking to turn overseas interest into orders through a combination of lower operating costs, UAV integration and local manufacturing.
-
![Euronaval 2026: ‘I want to sell 31 Type 31s by 2031’ - CGO maps Babcock’s global push]()
Euronaval 2026: ‘I want to sell 31 Type 31s by 2031’ - CGO maps Babcock’s global push
Chief growth officer Sir Nick Hine tells Shephard how Babcock is lining up New Zealand, Chile, Denmark and the US for its Arrowhead 140 frigate, speaks on the hybrid navy offer and talks AUKUS.
-
![Euronaval 2026: Baltic breakthrough powers Saildrone’s next European expansion]()
Euronaval 2026: Baltic breakthrough powers Saildrone’s next European expansion
Denmark’s doubled deployment, Mediterranean smuggling routes and Norwegian composite hulls show where uncrewed surveillance demand is heading, while British funding remains unclear.
-
![Euronaval 2026: by the power of six, Fincantieri’s MMMV reflects modular naval shift]()
Euronaval 2026: by the power of six, Fincantieri’s MMMV reflects modular naval shift
The 50m, six-person ship from the Italian shipbuilder carries swappable, containerised payloads instead of a fixed mission, reflecting a shift that is becoming increasingly evident.
-
![Canada’s submarine availability under pressure as Chicoutimi is unlikely to return to front-line duties]()
Canada’s submarine availability under pressure as Chicoutimi is unlikely to return to front-line duties
HMCS Victoria and HMCS Windsor could return from their current deep maintenance, but unconfirmed operational timelines leave questions over patrol capacity before the first CPSP arrives.
