(Brit) SocialMedia: MoD Overspends Equipment Budget By £6.5bn

The Ministry of Defence has overspent its equipment budget by £6.5bn and some of its major orders are likely to be delivered 39 years late.

The 16 most costly projects should have taken 159 years to deliver between them and cost a total of £56.5bn ... But the National Audit Office (NAO), in its latest report into the MoD's spending, reveals they are now set to take a total of 195 years and cost £61.1bn.

« Read the Rest @ Sky News »

---

This is typical of how British Government spends. Leaving a deficit which the poorest in society have to fund through benefit cuts.

The Olympics was a drain on resources and now the MoD overspend resources. Leaving us cash-strapped Britain.

Still proud to be British??

See also: « Why The Nuclear Deterrent Has Had Its Day »

i-thorts' i-Politics: Welfare Cuts? - Not In Our Back Yard!

Reblogged from The Writing's on the Wall: i-Politics:

BBC reported (Child benefit 'nimbys' accused) that Middle-classes are fuming at the thought of losing some (or all) child-benefit one parent is earning from £50,000 to £60,000 and over. (Families of three children could loose £4,000.)

This comes after poorer couples (working under 24 hour a week between them) lost up to £100 week (£5,200 a year) in working tax from this April ... and no one battered an eye or even seemed to report it. These are families on minimum wage, earning under £6,000.