Today's FT (16 May 2008) has reported that the government are to relax their accounting rules for the MOD in order to allow the go-ahead for the construction of the two new aircraft carriers.
http://www.ft.com/cms/s/0/e00d35dc-22bd-11dd-93a9-000077b07658.html?nclick_check=1
http://www.ft.com/cms/s/0/e00d35dc-22bd-11dd-93a9-000077b07658.html?nclick_check=1