PAC plagiarises previous NAO report and elements of HCDC inquiries. Republishes as "new". Sigh....
This is a standard spin on bad news.
The first time the story appears, the official response is "don't worry, chaps, we're working on it".
A year later, it becomes apparent that the problem has not been fixed. And the response is "Why are you harping on that? It's old news."
Put it this way: if MoD has a robust plan to reach a fixed and affordable LCC for the F-35, it is well ahead of the US Air Force. Bully for the MoD if that's the case, but permit me to express some doubt.