Huffpost UK Politics uk

Philip Hammond: I've Balanced The MoD Books

Posted: Updated:
PHILIP HAMMOND
The cash-stricken Ministry of Defence has finally succeeded in balancing the books, Defence Secretary Philip Hammond has signalled. | Getty Images

The cash-stricken Ministry of Defence has finally succeeded in balancing the books, Defence Secretary Philip Hammond has signalled.

In an interview with The Sunday Times, he indicated he had plugged the £38 billion "black hole" in the defence budget which ministers said they inherited from the last Labour government.

"In the next few days we will be in a position to make the grand announcement that I've balanced the books," he said.

"In terms of reducing the size of the Civil Service, the Army and the Air Force, we shouldn't have to do any more over and above what we've already announced."

In a major U-turn last week, Mr Hammond announced he was scrapping plans to acquire a more capable version of the US-built Joint Strike Fighter for the Royal Navy's new aircraft carriers.

He said the decision - in the face of soaring costs - to revert to the jump jet variant ordered by Labour was the "last big piece in the jigsaw".
end

Also on The Huffington Post

News Of the Day 13-5-2012
of
Share
Tweet
Advertisement
Share this
close
Current Slide

Suggest a correction

Around the Web

Philip Hammond in u-turn over future of Britain's aircraft carriers ...

Govt balances defence budget 'black hole'

Philip Hammond defends aircraft carrier U-turn

Rebekah Brooks, Defence Secretary Philip Hammond and helicopter ditched in to ...

Philip Hammond: Colonel-Commandant of the Royal Army Accountancy Corps?

Philip Hammond facing campaign to keep Scottish regiment names