Government reveals it has balanced the defence budget – but at what cost to Britain?

Britain will no longer be able to fight and project power overseas in ways that military commanders had hoped to do, it was admitted yesterday, as the Government outlined plans to eliminate a £38bn hole in the defence budget. Philip Hammond, the Defence Secretary, said the MoD had now scaled back spending across a range of defence equipment projects and could balance his department's books over the next 10 years.

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