MOD: Budget cuts are 'tough by deliverable'

The Ministry of Defence has confirmed that it has reached an agreement with the Treasury on its future budget.

A tough but deliverable settlement has been achieved that assists the Treasury's savings targets while protecting military manpower, capabilities and a fully funded but efficient equipment programme. Further genuine efficiencies have been found which has ensured there will be no reductions in military output as a result.

– Ministry of Defence Statement


Osborne budget cuts

Chancellor George Osborne has reached an agreement with all his Cabinet colleagues over the extent of cuts to their department's budgets, the Treasury said.