- 1 update
The price tag for the Royal Navy's new Portsmouth-based aircraft carriers is set to top more
than £6bn as the Government prepares to announce further cost overruns, according to reports.
Defence Secretary Philip Hammond is expected to announce the projected cost of the two carriers - which will not enter service until the end of the decade - has risen by another £800m to £6.2bn.
The latest increase means the bill for the 65,000-ton ships will be almost double the £3.5bn estimated when the programme was agreed by the last Labour government in 2007.