The new PAC report has strongly criticised the MoD for failing to dispose of 20 submarines dating back to 1980. Much of the blame lies with poor contractor performance and a lack of money, the report says. Storing decommissioned submarines is costing Britain £30million a year, a new Public Accounts Committee (PAC) report says. The “glacial pace” and a “15-year delay” to the process of decommissioning Britain’s scrapped nuclear submarines “has led to extortionate storage and maintenance costs”, say MPs. The date for the first submarine to be dismantled, Swiftsure, has been put back three years to 2026 and the report warns that the MoD will run out of space for both storing and maintaining submarines… Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings.