The sum, calculated by one of the UK’s leading defence specialists, is an embarrassing blow to Liam Fox who said in June the operation to stop Colonel Gaddafi attacking civilians would cost £260million.
Originally the Treasury believed the cost would be no more than ‘tens of millions’ of pounds.
Francis Tusa, editor of Defence Analysis, claims the real bill will far exceed this because of the sheer number of strikes carried out by the RAF and Royal Navy.
His analysis, using MoD figures, gave two estimates of the cost until the end of last month - between £1.38billion and £1.58billion using one method, and £850million to £1.75billion using another.
He added: ‘Where there has been doubt, I have underestimated in my calculations.’ Read More