New Carriers confirmed in Defence budget increase http://www.mod.uk/DefenceInternet/D...wCarriersConfirmedInDefenceBudgetIncrease.htm 25 Jul 07 Defence Secretary Des Browne has welcomed the announcement by the Government today, Wednesday 25 July 2007, which will see a £7.7bn increase in the defence budget over the next three years. Today's announcement also paves the way for the purchase of two new aircraft carriers, a decision which will offer unprecedented capabilities for the UK's Armed Forces. The settlement of the Comprehensive Spending Review (CSR) for defence breaks down into an annual budget of £34bn in 2008/9, £35.3bn in 2009/10 and £36.9bn in 2010/11. This is an additional £7.7bn for Defence by 2011, equating to 1.5 per cent average annual real growth against our CSR baseline, which excludes the cost of operations and the time-limited Defence Modernisation Fund. In addition, The Treasury will continue to fund the additional cost of operations over and above the Defence Budget, having already invested some £6.6bn in supporting the front line since 2001. Defence Secretary Des Browne said:"This CSR means an additional £7.7bn for Defence by 2011 - the longest period of sustained real growth in planned defence spending since the 1980s. It is evidence of the Government's commitment to defence and to the men and women who serve with the utmost bravery in our Armed Forces."It also means that we can confirm that we will now place orders for two 65,000 tonne aircraft carriers – the largest ships ever sailed by the Royal Navy. The carriers represent a step change in our capability, enabling us to deliver increased strategic effect and influence around the world at a time and place of our choosing."