This may be true but it's all relative isn't it? Compared with the growth in the budgets of other key Government Departments, the MoD has seen the lowest increase. As a percentage of GDP, investment in the Armed Forces has halved over the last ten years, from 5% to 2.5%. CIA figures show Britain is 70th in the world in the share of national income devoted to defence. Also its obvious that what you can actually buy for $1million in the UK is a lot - a lot - less than what you would get for $1million in say China or Iran. Spending has been increasing but at a much lower rate than the rising cost of equipment and certainly at a slower rate than that needed to keep pace with the aspirations of the politicians and with the increasing commitments and tasks being piled on the Armed Forces.
- £2.1billion extra on the 232 (unwanted) Eurofighter Typhoons for the RAF (£67 million each as opposed to the £58 million forecast in 2003)
- £0.8billion overspend on MoD IT projects over the last 5 years.
- £1.1billion extra on the 8 Type 45 destroyers now due to enter service in 2010 at least two years late
- £1billion extra on the new Astute class attack submarines now projected to cost £3.6billion
- £0.7billion extra on the new Nimrod MRA4 currently running seven years late.
- £?million extra on the research stages of the £20billion replacement programme for Trident and the £8billion project for the two new CVF aircraft carriers.
The Guardian: MPs accuse MoD of £2.6bn overspend
The Guardian: UK's biggest arms projects are £3.5bn over budget
And don't forget the extra £1.6 billion to refurbish the MoD's new Whitehall offices (original budget £746million, likely final outturn £2.35billion).
MoD spends £2.3bn on Whitehall offices
"Over the next decade, the Ministry of Defence (MoD) will spend the equivalent of more than £75,000 for each top official working at the ministry’s headquarters on refurbishments, repairs and services. In contrast, it has budgeted just a third of the amount — only £25,000 per person — for refurbishment and repairs to soldiers’ living quarters. "