Monday, 12 February 2007

The world's second biggest military budget

Britain has a military budget of £33.7 billion in 2006-7. In a MoD white paper published at the end of 2003 it stated "there are currently no major conventional military threats to the UK or Nato". Yet we pay the second largest military budget in the world. The Oxford research Group argues this money would contribute more to our security if it was spent on energy efficiency, foreign aid and arms control.

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