The National Audit Office have reported that the Ministry of Defence’s Equipment Plan “is not affordable”
The NAO report that the falling value of the pound, driven by the result of the 2016 referendum, may have added costs of £4.6 billion to the procurement budget.
Commenting, Phil Wilson MP, leading supporter of the Open Britain campaign, said:
"The Brexit squeeze is going to deprive the Army, the Royal Navy and the RAF of equipment they will need to have the edge on the modern battlefield.
"Defence Secretary Gavin Williamson demands more money for our forces yet still supports the policy of hard Brexit that has driven the pound’s devaluation and so made essential equipment too expensive to buy.
"The negative impact of Brexit on our armed forces is exactly the sort of information that was not available at the time of the referendum. As we learn more about these costs people are right to keep an open mind about whether it is the right choice for Britain."
Notes to editors
The NAO’s report can be read here: https://www.nao.org.uk/report/ministry-of-defence-the-equipment-plan-2017-to-2027/