Opinion by Mathew
It seems rare that the US-based global military-industrial complex takes a hit.
Yet, today, it has.
The shedding of £1.7b in value is not a big deal in the scheme of things, it has to be said. See below…
The move also comes after Russia’s threat re use of UK missiles in Ukraine conflict…which is really a proxy war between Russia and the US.…and an American attempt to hurt Europe yet again.
LBC: Healey’s budget to ditch 3% defence spending target by 2030
https://www.lbc.co.uk/article/healey-defence-budget-latest-5Hjdgf4_2/
…see link above.
Yet this move is symbolic.
Usually it is kids that take the hit from the bond vigilantes ….so this is refreshing.
The future of war is so uncertain…what if peace breaks out?
Traditional war equipment simply is obsolete.
Still, I remain skeptical.
There are global climate and trade negotiations going on … to which this news may be a negotiation tactic.
Sky:
Gemini context
Russia threatened direct military action against UK assets in response to the UK sharing classified missile technology with Kyiv.
- Threats to Military Assets: Russian Foreign Ministry spokesperson Maria Zakharova warned that Moscow could strike British military facilities, installations, and equipment both “inside Ukraine and beyond its borders” if UK-designed weapons are used to attack Russian territory.
- Policy Trigger: The escalation followed the UK government’s decision to provide Ukraine access to classified blueprints and technical specifications for manufacturing components of Storm Shadow / SCALP long-range cruise missiles domestically.
- Escalation Rhetoric: Moscow stated that London is “one step away” from becoming legally complicit in alleged aggression against Russia, accusing the UK and France of “playing with fire” and warning of “inevitable catastrophic consequences” if the policy is not reversed.
(More to come)