U.K. Sets £160 Billion, 10-Year Defense Equipment Plan

Credit: Credit: BAE Systems
Taking money away from a healthy program to pay for cost overruns on a broken one, only to leave both crippled, is a standard defense budgeting practice worldwide. The U.K. is hoping that a new financial reserve fund will break that habit. As part of the £160 billion ($253 billion) the U.K. plans to...

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