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Will The Pm's Speech In The House Today Be His Falkland's Moment?
do u think?
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For more on marking an answer as the "Best Answer", please visit our FAQ.Hardly a "Falklands Moment"
He has announced that, by 2027, spending on defence will rise by 0.2% from 2.3% of GDP to 2.5%. This would be achieved by cutting overseas aid from 0.5% o 0.3% of GDP. And this will take two years.
The amount involved is £13bn which probably be lost in "rounding" and "noise". Most of it will probably be nullified by increased borrowing costs as government debt shows no sign of easing because of profligate spending. As well as hat, interest rates will remain high for that very reason.
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