'More British Service personnel, aircraft and warships could be cut because of a new multi-billion pound black hole uncovered in the defence budget'

from the telegraph...........

"The Daily Telegraph has learned that Ministry of Defence officials have calculated that the department is at least £10 billion short of what it will need in the coming years.

The financial “mismatch” is larger than all the defence cuts announced in last year’s Spending Review, and has raised fears of another round of painful reductions in the Armed Forces.

The MoD’s budget, £33.8 billion this year, is being cut by 8 per cent over four years.

The department has concluded that those cuts will still not be enough to balance the budget, meaning that unless the Treasury increases defence spending to fill the gap, more cuts will be required"...........................READ MORE