The government is planning further big cuts to the Royal Navy after deciding that terrorism is the only serious threat to Britain. Annual accounts from the Ministry of Defence (MoD) show that it is to cut funding for new ships and equipment by more than 20%, from about £1.8 billion a year to a maximum of £1.4 billion. The cuts come as the MoD tries to fill a £2 billion shortfall in its budget over the next three years. Overspending has left funding even for this year uncertain. They will force the navy to shrink its commitments around the globe,...
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UK: Navy forced to curb role as [PM] Gordon Brown imposes cuts
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