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Replacing Trident will cost at least £205bn, campaigners say

Categories: Articles:Nuclear Weapons | Published: 12/05/2016 | Views: 2294
The total cost of replacing the Trident nuclear missile system will come to at least £205bn, far more than previously estimated, according to figures drawn up by the CND. It has calculated the total on the basis of official figures, answers to parliamentary questions and previous costs of items including nuclear warheads and decommissioning nuclear reactors. It says it has not taken into account that past Ministry of Defence projects have frequently gone well over budget. (The Guardian)

The government is expected soon to ask MPs to vote to replace the existing Trident fleet with four new nuclear submarines. The MoD has already spent nearly £4bn on the replacement programme. Last month, it declined to say how much it thought it would cost to replace Trident, and the ministry said the situation has not changed.
“The government needs a safe space away from the public gaze to allow it to consider policy options for delivering the deterrent in the most cost-effective way, unfettered from public comment about the affordability of particular policy options,” it said in response to a freedom of information request from Reuters.

In its strategic defence and security review at the end of last year, the government announced an increase from £25bn in the estimated cost of four new Trident submarines to £31bn, with an additional £10bn to cover overspends.
The Blair government’s 2006 white paper on the future of the UK’s nuclear deterrent said leasing the Trident missiles from the US until the early 2040s would cost £250m – or £350m in today’s prices, according to CND.

The white paper said Britain’s nuclear warheads would last into the 2020s but added that £3bn would be set aside to refurbish or replace the existing stockpile. That is equivalent to £4bn in today’s prices, says CND. A further £3bn (equivalent to £4bn) has been allocated for new infrastructure work at Faslane and Coulport bases.

The most expensive item would be the cumulative running costs, estimated by the government to be about 6% of the total defence budget. Crispin Blunt, Tory chair of the Commons foreign affairs committee, has calculated, on the basis of parliamentary answers, that a new Trident system would cost £167bn over a 30-year lifespan. Read more here

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