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Ministers and officials are drawing up plans for sweeping cuts and delays in most of Britain's big weapons projects as they face the biggest crisis in the defence budget since the end of the cold war, according to government and independent sources.
Huge orders for aircraft carriers, ships, fighter jets, and hi-tech vehicles are accumulating at a time when running costs are rocketing because of gruelling military operations and large increases in the cost of fuel, they say. Defence officials say ministers will be confronted with "painful options" next month.
Originally posted by Freedom ERP
Strange how we can find billions of Pounds to bale out Northern Rock but not find money to ensure we can be afford to project power.