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With the current situation in Ukraine obviating the need for increased defence spending (and more efficient usage of the funds), what impact is this going to have on the UK's armed forces? Are the effects known, or is it too early to say?
Tip: obviating something means removing the need for it. So, Ukraine doesn't obviate increased defense spending, it makes the need more obvious.
Despite which, the UK defence budget is not set to rise significantly next year.