January 18, 2010
Geopoliticalmonitor.com
FORECAST
The Royal United Services Institute’s (RUSI) recent appraisal of
defense spending in the UK paints a bleak picture; one that will force
the UK government to make hard decisions on its’ global military
posture moving forward.
In many parts of the world, the true impact of the global financial
crisis hasn’t been felt, for the fiscal boomerang of spending out of
a recession has yet to swing back in the form of a crisis in
government finances.
The boomerang has started to swing back towards the United Kingdom,
however, as the government now finds itself burdened with a projected
budget deficit of 12 percent through 2011. With elections looming in
2010, it is unlikely that any political party will opt to slay the
sacred cows of healthcare or education in order to plug the hole in
state finances. This leaves the Ministry of Defense as an open target
for drastic cost cutting.
Read the complete text at:
http://www.geopoliticalmonitor.com/uk-defense-spending-1/
Tuesday, 19 January 2010
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