George Osborne’s fifth Budget has largely been analysed in terms of the chancellor’s changes to pensions and savings, as well as the usual tweaks to taxes. In my weekly article for Beacon, I have done something different. Using figures from the UK Budget and president Barack Obama’s recently-published US budget, I have compared spending per person on five areas: military spending, healthcare, pensions and benefits (or social security), international work (Department of State in the US, the FCO and DfID in the UK) and interest payments.
As the former head of the armed forces Richard Dannatt argues that Russia’s invasion of Crimea shows why Britain should start recruiting soldiers, rather than shrinking the army, my figures on military spending show that the United States plans spends £1,062 on military spending, per person, in its next fiscal year (2015). That’s nearly twice than the £586 planned by George Osborne for Britain.
This section is republished below. The full article is here; you can read it free as part of Beacon’s 14-day free trial.
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