Feeds

MoD budget fiddles under fire

Moving budgets not the same as saving money

Top three mobile application threats

The Public Accounts Committee has accused the Ministry of Defence of a "culture of optimism" and of creative accountancy to make it look like it's saving money when often it's not.

The MoD has moved over £1bn into different projects or budget lines in the last two years. The Committee said: "Such transfers mean that the forecast costs reported to Parliament do not give the full picture of the expenditure required to bring equipment into military service."

It said the MoD, despite numerous reforms, seems unable to bring about any lasting improvements to procurement practises.

For example the Department reckons it will cost £305m to subsidise the British shipbuilding industry. But the PAC said: "The Department does not have any mechanism to check whether it is getting value for money from such payments." The Committee also criticised the five and half year delay in signing the contract for two new aircraft carriers, which shipyards are depending on, as likely to increase costs.

The Ministry was advised to "change the culture amongst its own staff and the industry from one of a 'conspiracy of optimism' to one of greater realism".

The full report is available as a pdf here. ®

3 Big data security analytics techniques

More from The Register

next story
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Lavabit loses contempt of court appeal over protecting Snowden, customers
Judges rule complaints about government power are too little, too late
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Don't let no-hire pact suit witnesses call Steve Jobs a bullyboy, plead Apple and Google
'Irrelevant' character evidence should be excluded – lawyers
EFF: Feds plan to put 52 MILLION FACES into recognition database
System would identify faces as part of biometrics collection
Ex-Tony Blair adviser is new top boss at UK spy-hive GCHQ
Robert Hannigan to replace Sir Iain Lobban in the autumn
Edward Snowden on his Putin TV appearance: 'Why all the criticism?'
Denies Q&A cameo was meant to slam US, big-up Russia
Banks slap Olympus with £160 MEEELLION lawsuit
Scandal hit camera maker just can't shake off its past
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.