Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the change-wp-admin-login domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u168781334/domains/cashmycurrency.com/public_html/wp-includes/functions.php on line 6260
Europe needs to spend more on defence, not just pretend to – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

Europe needs to spend more on defence, not just pretend to

Europe needs to spend more on defence, not just pretend to

As the British government drew up its annual budget in 2015, the sums came out wrong in a troubling way. Cuts across departments meant that spending on defence would come out just shy of 2% of GDP for the first time since the 1930s. That wouldn’t do: only a year earlier Britain had hosted NATO leaders as they formally agreed on the 2% figure, in response to Russia’s first crack at invading Ukraine. A clever way was soon found to spare politicians’ blushes. A few billion pounds of spending that had not in previous years been included in the defence budget was discreetly shuffled into it, in what was politely dubbed a “revised accounting strategy” (also known as “shifting the goalposts”). With the stroke of a pliable accountant’s pen, Britain’s defence budget now included pension payments to war widows and defence-ministry staff, as well as some intelligence spending and contributions to far-flung UN peacekeeping missions. The tactic helped nudge the all-important figure back above the desired threshold.

Scroll to Top