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23 March 2026 - Ministry of Defence Annual Report and Accounts 2024-25 - Oral evidence

Committee Public Accounts Committee
Inquiry Ministry of Defence Annual Report and Accounts 2024-25

Monday 23 March 2026

Start times: 3:00pm (private) 3:30pm (public)


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Delayed Defence Investment Plan, military recruitment and service accommodation to be examined by PAC

The Public Accounts Committee (PAC) will examine the Ministry of Defence’s (MoD) Annual Reports and Accounts for 2024-25

Meeting details

At 3:00pm: Private discussion
Inquiry Ministry of Defence Annual Report and Accounts 2024-25
At 3:30pm: Oral evidence
Inquiry Ministry of Defence Annual Report and Accounts 2024-25
Permanent Secretary at Ministry of Defence
National Armament Director (NAD) at Ministry of Defence
Director General at Ministry of Defence
Deputy Chief of Defence Staff (Force Development)
Director Strategic Capability, Engagement and Operations, Defence Equipment and Support at Ministry of Defence

In 2024-25, the MoD's total expenditure was £60.2bn, which it managed through three separate plans. A recent report from the National Audit Office (NAO) identified issues in each of the three. The MoD has signalled its intention to unify the three plans under one cohesive Defence Investment Plan. However, despite Government assurances that the plan would be published in Autumn 2025, it has not yet done so.

The PAC will likely use this session to examine the impact this delay is having on both the military and the defence industry. Questions may also focus on longstanding military recruitment and retention issues, and the risks this poses to the UK’s overall defence capabilities.

In 2024, the MoD announced a £6bn deal with Annington Homes that would see them require more than 36,000 military homes that had been sold by a previous government in 1996 and subsequently leased back. The Committee may question witnesses on what this could mean for living standards for service personnel and their families.

The NAO’s recent audit also identified two issues which cast doubt on the reliability of the information provided by the MoD, leading to the Comptroller and Auditor General qualifying his opinion on the accounts. The PAC is likely to examine why the MoD was unable to provide sufficient appropriate audit evidence to support the valuation, existence and classification of £6.13 billion in long-term assets, and why it incurred non-Budget expenditure of £2.56 billion which had not been approved by Parliament.

Location

The Thatcher Room, Portcullis House

How to attend