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The prime minister has promised to increase defence spending by 2027 to update the UK’s ageing armaments and prepare for potential conflict. Some of this will be found through cuts to foreign aid and national infrastructure, but would tax rises make more sense?
Francis Tusa, the editor of the Defence Analysis newsletter
Defence spending needs to be higher and has needed to be higher for at least a decade. Raising taxes seems inevitable for this to be achieved.
As well as simply turning the taps on, we need to see that what the UK pays out for defence is spent more efficiently. My calculations estimate that there is £3 billion to £5 billion of wastage in the amount we spend on equipment procurement, maintenance and
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