That's £700M a year.
On 19 November 2001, the Chief of Defence Procurement confirmed in writing that it was a 'routine expectation' that all his staff be capable of saving 30% from their project budgets, while maintain time, cost and performance - and, importantly, operational capability.
This was questioned, and he confirmed his thoughts on 13 December 2001.
Well, that's only a few million each. Moving on, this afternoon's task is....