Defence Cuts Loom as UK Looks to Reduce Budget Shortfall

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Defence Cuts Loom as UK Looks to Reduce Budget Shortfall
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The 2015 UK Strategic Defence and Security Review (SDSR) saw the UK Ministry of Defence repeatedly commit to a £24.4 billion increase in spending on equipment over 10 years, leading to the £178 billion Defence Equipment Plan being unveiled in 2016. However, the UK faces the prospect of a budget shortfall that would restrict the MoD's ability to fund key programmes. This shortfall is partially due to increased costs due to Brexit, with the pound's fall against the US dollar raising the cost of buying American platforms such as the F-35B Lightning II and P-8A Maritime Reconnaissance Aircraft. However, a significant portion of the £24.4 billion increase in spending was to be found through savings, rather than simply more investment. With the Ministry of Defence struggling to find the required £20 billion in savings, before the increased costs of procurement are considered, the UK now finds itself in the midst of a fresh review of national security capabilities. This effort is being du ...

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