Debt as a threat to national security

Today’s papers carry news that British nuclear submarines are going to be replaced: a strong indication that the government will replace Trident with a like-for-like deterrent in 2016, contrary to the wishes of the Liberal Democrats. Philip Hammond appeared on the Sunday Politics earlier today to answer questions from Andrew Neil on Trident and manpower cuts to the army.

Hammond said that the Trident decision has not been taken. The government is, he said, simply ensuring that Britain can implement whatever decision is taken. On army cuts, he said, ‘We [Britain] will still be able to make a major contribution to a cross-alliance operation.’ The rum suggestion being that Britain’s place in the world will not be diminished by a dramatic reduction of the military establishment.