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Defence Budget to be cut by £500m in 2015

vim_fuego

vim_fuego

Hung Like a Baboon.
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LONDON — Equipment programs could bear the brunt of a 1.5 percent cut to the British defense budget announced June 4 by Chancellor George Osborne in Parliament.

The MoD had to find £500 million (US $766.3 million) in savings for the current financial year as part of wider government cuts totaling £3 billion across all departments other than health, education and international aid. Cuts were not expected to kick in until the next financial year starting April 2016.
Click to expand...

That shiny stuff you might have been waiting for could take a little longer...if at all.

http://www.defensenews.com/story/de...xchequer-debt-retreat-world-affairs/28479473/
 
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