It's not quite back to the drawing board for the Queen Elizabeth Aircraft Carriers
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The U-turn that Philip Hammond said would save £1.2 billion – when in May last year he announced to parliament that the UK would be reverting to the F-35B STOVL Joint Strike Fighter rather than the C variant – has already cost the taxpayer £74 million, according to the National Audit Office.
Sounds bad, but the report says it could have been a lot worse.
"This cost could have been 10 times higher if the decision had been made after May 2012," the report says.
The repor...
