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Old 16th Feb 2015, 13:44
  #27 (permalink)  
ORAC
Ecce Homo! Loquitur...
 
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Estimates of the one-0ff costs of replacing Trident range around £20bn. Add that to an assumed annual running cost of £2bn and some updates you reach a total of around £80Bn over 30 years - about £2.5Bn a year. Assume an alternate deterrent would save around 40%, that's a saving of £1Bn a year at great technical risk of obsolescence and reduction in capability. And, please, don't insult my intelligence by suggestion such a saving will be "ring fenced" for defence.

In the meantime wee are due to spend around £200bn this year on welfare, if you lump state pensions and benefits together; and another $11Bn in foreign aid.

So we take all those risks for such a small saving? Why?
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