United Kingdom Prime Minister Boris Johnson announced earlier this month his intentions to allot an additional $32 billion to military spending because he is “not content to curl up on our island” and leave military tasks to its international friends.
Defense News reported that the additional funding will be earmarked for shipbuilding, space, cyber, research, and other sectors for four years. The Wall Street Journal pointed out it was likely a politically-savvy move by Johnson in his effort to show the U.S. that Britain is its main ally.
Johnson said, “The international situation is more perilous and more intensely competitive than at any time since the Cold War and Britain must be true to our history and stand alongside our allies. To achieve this we need to upgrade our capabilities across the board.”
TRENDPOST: As Gerald Celente says, “When all else fails they take you to war.” Boris Johnson’s tough talk and boosting the military budget comes when the nation can afford it the least. Britain’s economy is on trend to suffer its worst recession in more than 300 years. The Office for Budget Responsibility expects the nation’s 2020 GDP to decline 11.3 percent, the biggest annual drop since the Great Frost of 1709 when the coldest winter in 500 years ravaged Europe.
Also, while the U.K. officially exited the European Union on 31 January and its so-called transition period ends on 31 December, no “transition” trade deal has been reached with the EU, thus putting more downward pressure on its weakening economy.
