Telegrammed from our man in 222 Marylebone Road
According to the press this weekend the Ministry of Defence has a £2bn hole in its budget.
This may lead the MoD to cancel or defer the improved Lynx helicopter so desperately needed by our gallant troops in Afghanistan.
Meanwhile, in Modern Railways, Captain Deltic says the difference between the amount which Network Rail says it needs for the next five years and that which the ORR says it is going to get is now £2.58 billion.
So, a matter of life and death versus the high-life and bonuses.
