Sentences with phrase «defence budget crisis»
It says something about the ambitions still lingering in Whitehall corridors that a sober report on the defence budget crisis reminds us that «the UK will never again be a member of the select club of global superpowers».
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In Europe, for example, we are faced with low defence budgets as a result of the financial crisis and years of underinvestment.
The need for savings in the first place was derived from the global financial crisis, but also from the Ministry of Defence's significant historical overspend of its procurement budget.