The idea of replacing the Royal Yacht Britannia has been well and truly sunk as Jeremy Hunt prepares to announce billions of pounds of spending cuts and tax rises at the Autumn Statement
Rishi Sunak today scuppered Boris Johnson’s replacement for the Royal Yacht Britannia.
Defence Secretary Ben Wallace told MPs he was torpedoing the plan for a National Flagship “with immediate effect”.
The move comes as Chancellor Jeremy Hunt prepares to announce billions of pounds of spending cuts and tax rises at the Autumn Statement on November 17.
Critics had said the £250million vessel was a vanity project by the former Prime Minister.