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Libya conflict costing £1,000 a minute
Libya campaign has so far cost UK taxpayers almost £260million, the Government admitted yesterday.
The blitz on Colonel Gaddafi works out at £1,000 a minute or more than £40million a month, said Defence Secretary Liam Fox.
The figures were released after mounting pressure from Labour MPs and are embarrassing for Chancellor George Osborne, who had claimed the bill would only be “tens of millions of pounds”.
But experts immediately cast doubt on the Ministry of Defence’s latest sums, claiming the actual cost could be far higher.
There was also anger that Dr Fox had failed to give a breakdown of how the MoD was spending the public’s money, while America’s military had given a detailed explanation.
In a written statement to MPs, Dr Fox said of the Nato-led campaign: “The current estimate...is in the region of £120million. This excludes costs associated with capital munitions expended.”
He added: “We estimate the cost of replenishing munitions may be up to £140million.”
Source and full story: The Daily Mirror 24 June 2011
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