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Britain’s nuclear submarines bill spirals by £5bn

The MoD blames inflation as the cost of replacing the UK’s at-sea deterrent hits £37bn

Szu Ping Chan Economics Editor. Matt Oliver Industry Editor

The cost of replacing the submarines carrying Britain’s nuclear deterrent
has ballooned by more than £5bn in just three years, according to official
documents. The Ministry of Defence (MoD) has raised its estimate for the
lifetime cost of manufacturing and maintaining four new ballistic missile
submarines to £36.7bn as of March last year, up from an estimate of
£31.5bn in 2020-21. It is also £2.5bn more than projected in March 2023.

 Telegraph 9th March 2025, https://www.telegraph.co.uk/business/2025/03/09/cost-for-britains-new-nuclear-submarines-spirals-by-5bn/

March 10, 2025 - Posted by | UK, weapons and war

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