Global Military Spending - NEWS ONLY


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.
 
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.
 

I suspect that that will end up backfiring badly in the long term.
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.
 
Closely following defense technology for 40+ years it seems I’ve seen this cycle 20 times. First US must invest in advanced defense technology to maintain military edge over adversaries (or something close to this) followed by:

 
If I'm a business looking to invest a lot of money, why on earth would I build the factory before I've had my permit application accepted? That's a lot of risk.

The problem here is the length of time to get the permit, just deferring the decision doesn't help.
 
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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.


Seems to confirm that the ships in question are those already expected - Type 26, Type 31, the last two Astutes, Dreadnoughts, MRSS, Fleet Solid Support Ship, there's no flag-waving about any new classes such as Type 32 and Type 83.
 
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".

 
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Can say what it likes, if there ain't no sailors to sail 'em it's pointless.
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.



(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).
 
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.



(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).
Is the UK including Ukraine aid in their defence spending though? I'm sure some nations are. That could add 0.2%.
 

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