The bill also allows Biden to confiscate and sell Russian assets and provide the money to Ukraine to finance reconstruction, a move that has been embraced by other G7 nations.
I suspect that that will end up backfiring badly in the long term.The bill also allows Biden to confiscate and sell Russian assets and provide the money to Ukraine to finance reconstruction, a move that has been embraced by other G7 nations.
Nah. The rather extreme conditions surrounding it are unlikely to shake faith in the dollar (because frankly they're not relevant to the vast majority), and no other potential currency vendors would behave differently in the same circumstances.I suspect that that will end up backfiring badly in the long term.
It's important to remember that that's a Tory plan/announcement (it seems to be referring to the recent speech by Grant Shapps, the Defence Minister) and the polls currently give them somewhat less than a snowball's chance in hell of being in power beyond the next general election, which has to occur no later than the 28th of January. There are a lot of policies being announced that are designed to appeal to Tory supporters on the doorstep, rather than genuinely intended to be implemented, or actually being anything new. This falls into the second category.
Says 28 here:
The six new vessels are part of a programme of 28 ships and submarines being built or in the pipeline for Britain's Navy, which Shapps said represented "a new Golden Age for British shipbuilding".
Absolutely, despite banging on about increasing the defence budget, the Tories are still cutting service numbers (Army down to 73k from 82k, Argyll and Westminster being withdrawn for lack of crews to operate them), and this year's defence budget is down, not up.Can say what it likes, if there ain't no sailors to sail 'em it's pointless.
Is the UK including Ukraine aid in their defence spending though? I'm sure some nations are. That could add 0.2%.Absolutely, despite banging on about increasing the defence budget, the Tories are still cutting service numbers (Army down to 73k from 82k, Argyll and Westminster being withdrawn for lack of crews to operate them), and this year's defence budget is down, not up.
https://ukdefencejournal.org.uk/britain-appears-to-cut-defence-budget-during-war-in-europe.
https://www.voanews.com/a/in-rare-i...o-reassess-cuts-to-armed-forces-/7468305.html
(If you study the history of defence cuts in the UK, the Tories are reliably the worst, despite their claims that they are the party that's strong on defence).
No idea, but if they are then things are even worse.Is the UK including Ukraine aid in their defence spending though? I'm sure some nations are. That could add 0.2%.