Question to the Ministry of Defence:
To ask the Secretary of State for Defence, which projects forming part of his Department’s core equipment plan and subject to virement at the close of Annual Budget Cycle 16 had costs transferred to another core equipment plan project; and what the value was of those transferred budgets.
The Annual Budget Cycle does not feature any formal process of virement whereby financial provision allocated to a particular equipment project is transferred specifically to another. Balance of investment decisions taken as part of the Annual Budget Cycle instead seek to ensure that the equipment plan as a whole remains affordable and relevant to our evolving defence and security priorities.