A submarine resurfaces
Media playback is unsupported on your device
Video

MPs warn MoD spending is over-optimistic

MPs say the cost of the Ministry of Defence's 15 biggest projects rose by almost £500m last year.

The Public Accounts Committee says decisions to delay or cut programmes actually pushed up long term costs and don't represent value for money.

It warned public spending cuts may make planned increases in the equipment budget from 2015 unrealistic, as Caroline Wyatt reports.

  • 10 Feb 2012
Go to next video: Harry qualifies as Apache pilot