UK military faces $22 billion equipment shortfall, watchdog says
Monday, 4 December 2023 Britain's armed forces face a funding shortfall of 17 billion pounds over the next 10 years, the largest deficit since 2012. The budget for new weapons and equipment is estimated at 305.5 billion pounds for 2023-2033, 16.9 billion pounds over budget. Soaring costs in nuclear and naval programs, as well as high inflation, have pushed up the future budget. The Ministry of Defence's financial position has deteriorated. Russia's war in Ukraine has highlighted the need for extra military spending across Europe, with Britain as an important ally and provider of military equipment to Kyiv.
House Approves, $866 Billion , Military Spending Bill.
On December 14, over two-thirds of the United States House
of Representatives voted for a defense policy bill that is
now headed to the White..
Credit: Wibbitz Top Stories Duration: 01:30Published
Monday, 4 December 2023
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