LONDON - The United Kingdom's Ministry of Defence (MoD) will gain a 1.4 percent real term spending increase following an announcement on July 12 by Gordon Brown, Britain's Chancellor of the Exchequer. The increase will cover the period 2005-2008 and could see £33.4 billion ($62 billion) being made available for defense spending. (DAILY, July 13). The purchases may break with tradition. Future tanks, ships and warplanes are expected to be cut to make savings for homeland security ...
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