Billions of pounds of taxpayers’ money have been wasted as the Ministry of Defence continually fails to learn from its mistakes, the Commons spending watchdog has said. The Public Accounts Committee (PAC) has published a highly critical report accusing the department of having a “broken” system for procuring military equipment. The cross-party committee said it was “extremely disappointed and frustrated by the continued poor track record” on procurement by the MoD in a report published on Wednesday. With the “wastage of taxpayers’ money running into the billions”, the MPs called for the Treasury and the Cabinet Office to review the MoD’s model for delivering equipment. “The department’s system for delivering major equipment capabilities is broken and is repeatedly wasting taxpayers’ money,” they wrote. The PAC warned that the department “continually fails to learn from its mistakes”, having “overseen many expensive failures”. They called for further “catastrophes”, like the £5.5 billion …