From the FT Now tell if I'm wrong but this looks like the Treasury being "smart" again. MoD gets go-ahead to free up funds What I don't like is that this basically says we couldn't afford the Carriers with the budget we were given and that the Treasury, rather than give us more money has allowed a swapping of cash across budgets. Hmm, worrying. How much pain does this imply? As the procurement world is squealing like a pig anyway, this does not imply a pleasant time ahead. Now someone tell if if I'm wrong but this implies this means nicking money from annual refurbishment and upkeep programmes. Yes? To me this means Propman and programmes like it are going to get a kicking How on earth does this statement equate with realigning budgets to pay for a Carrier programme that won't be in service for at least ten years All in all this stinks of another short term crisis management decision that ultimately will hurt the Sevices, sooner rather than later.