Cameron and the Brits Get it Right!
by Oly Mike
An austerity plan that looks for savings from reducing the military budget. I am delighted.
Well done, mates!
LONDON – Britain will lose thousands of troops, build new aircraft carriers — without new fighter jets — and delay a multibillion pound (dollar) upgrade to its nuclear deterrent under sweeping defense cuts being announced Tuesday following the first major military review in more than a decade.
The largest cuts to public spending since World War II are aimed at virtually eliminating Britain's deficit, which stands at over 10 percent of gross domestic product.Military cutbacks come a day before Treasury chief George Osborne's long-anticipated announcement of a government-wide program to drastically cut department budgets and welfare bills.