The Prince of Wales, the newer of the two aircraft carriers costing £3.5bn has broken down in the Solent. I had planned and still plan to write a piece about the 2020-21 Defence Reviews and have already written about it briefly on this blog.
These aircraft carriers, at 64,000 tons are three times bigger than their predecessors which were used to provide air combat capability during the Falklands War. I cannot see a need for such vessels, and it is my view they were authorised to create jobs in the Scottish dockyards that built them albeit under massive US pressure. They are calculated to cost about £3½ bn and the inconvenient truth is they are estimated to have £½m running costs/day! That makes a fifteen year life time cost of £2.7bn and a full lifetime cost over 50 years of £9.1bn for each aircraft carrier. Over 70% of the whole lifetime cost of the aircraft carriers is running costs and yet to be incurred.
We should sell them, although who would want a ¾ size fleet carrier? Maybe we could sell one each to India and Pakistan, or maybe the Argentines would like one.