Anastein Thomas
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anastein.bsky.social
Anastein Thomas
@anastein.bsky.social
4 followers 26 following 2 posts
Life’s for the living, so live it.
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Reposted by Anastein Thomas
oldtrotter.bsky.social
The fundamental problem with increasing defence spending isn't funding but real resources. And most defence spending isn't "investment" and does nothing to increase the underlying growth rate. Of course, the country has to be defended but there are opportunity costs.
General Sir Richard Barrons: Borrowing outside Reeves' fiscal rules is 'the only credible solution' lan Bozic/Alamy General Sir Richard Barrons, a former senior UK military commander and one of the co-authors of the SDR, said: "It's the only credible solution to the problem the government has. There is a gap of £28bn over the next four years, which you can't close by 'reprofiling' or trying to bung it later." "If you have exhausted the normal things you usually do to manage a gap, you either have to have less of the capabilities within the SDR or more money sooner to fund the SDR in full." Max Warner, economist at the Institute for Fiscal Studies think-tank, said it might be possible to achieve a “temporary increase” in borrowing as part of the transition to higher defence spending. But he cautioned: “It seems hard to justify a permanent increase in borrowing for defence."
February 3, 2026 at 8:22 AM
Reposted by Anastein Thomas
thetnholler.bsky.social
Cruelty is big business
February 3, 2026 at 2:57 AM