Libya mission could cost UK £300m

By benim
In Libya
Oct 12th, 2011

London – Britain’s Defence Minister Liam Fox says UK military involvement in Libya will cost about £300m.

In a written statement to lawmakers on Wednesday, Fox said the cost of Nato-led operations for Britain – from the start of missions in March up to the middle of December – was estimated at £101m.

He said all costs will be covered by Treasury reserves and will not affect the Ministry of Defence’s core budget.

Replacing ammunition used will cost the UK about £140m, Fox said.

In March, Treasury chief George Osborne said the campaign would likely cost “tens of millions, not hundreds of millions” of pounds.

Britain’s defense ministry is facing sharp spending cuts under the country’s austerity measures.

– AP

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