The bond markets must not be allowed block defence spending
The Treasury has pledged an extra £2bn for UK exporters to secure overseas defence orders. The Germans are funding increased defence spending through debt so why can’t we? The Chancellor needs to start telling a better story about the future direction of our economy, says Paul Ormerod President Trump wants European countries to spend five […]
The West has been free riding on US defence spending
Western nations have been free riders on American defence spending for decades. We shouldn’t be surprised Trump is now calling us to account, writes Paul Ormerod Keir Starmer has announced an increase in defence spending to 2.5 per cent of GDP ahead of his crucial summit with Donald Trump on Thursday. But even this hasty announcement falls short […]
A renewed focus on defence spending could turbocharge Britain’s scientific innovation
Germany, along with most of the rest of the EU, has finally woken up to the folly of relying on other countries – mainly the US but also the UK – to defend them. At the end of last month, Chancellor Olaf Schulz announced that €100bn will be put into a new defence procurement fund. […]
