{"id":115503,"date":"2020-11-19T16:45:00","date_gmt":"2020-11-19T13:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/boris-johnson-boosts-military-spending-to-cold-war-levels-heres-why\/"},"modified":"2020-11-19T16:45:00","modified_gmt":"2020-11-19T13:45:00","slug":"boris-johnson-boosts-military-spending-to-cold-war-levels-heres-why","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/boris-johnson-boosts-military-spending-to-cold-war-levels-heres-why\/","title":{"rendered":"#\n  Boris Johnson boosts military spending to Cold War levels. Here\u2019s why"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35c0bf1423f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35c0bf1423f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/boris-johnson-boosts-military-spending-to-cold-war-levels-heres-why\/#UK_prime_minister_announces_new_funding_to_boost_space-defense_capabilities_and_for_the_creation_of_a_new_national_cyber_force\" >U.K. prime minister announces new funding to boost space-defense capabilities and for the creation of a new national cyber force<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/boris-johnson-boosts-military-spending-to-cold-war-levels-heres-why\/#UK_Prime_Minister_Boris_Johnson\" >U.K. Prime Minister Boris Johnson.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/boris-johnson-boosts-military-spending-to-cold-war-levels-heres-why\/#Pierre_Briancon\" >Pierre Brian\u00e7on<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Boris Johnson boosts military spending to Cold War levels. Here\u2019s why<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"UK_prime_minister_announces_new_funding_to_boost_space-defense_capabilities_and_for_the_creation_of_a_new_national_cyber_force\"><\/span>\n  U.K. prime minister announces new funding to boost space-defense capabilities and for the creation of a new national cyber force<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000073817\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.796875%;\" data-mobile-ratio=\"66.796875%\" data-layout-ratio=\"66.796875%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-262137?width=140&amp;size=1.4970760233918128 140w,\nhttps:\/\/images.mktw.net\/im-262137?width=540&amp;size=1.4970760233918128 540w,\nhttps:\/\/images.mktw.net\/im-262137?width=620&amp;size=1.4970760233918128 620w,\nhttps:\/\/images.mktw.net\/im-262137?width=700&amp;size=1.4970760233918128 700w,\nhttps:\/\/images.mktw.net\/im-262137?width=860&amp;size=1.4970760233918128 860w,\nhttps:\/\/images.mktw.net\/im-262137?width=1260&amp;size=1.4970760233918128 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-262137?width=620&amp;size=1.4970760233918128\" data-enlarge=\"https:\/\/images.mktw.net\/im-262137?width=1260&amp;size=1.4970760233918128\" alt=\"\" title=\"U.K. Prime Minister Boris Johnson.\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"UK_Prime_Minister_Boris_Johnson\"><\/span>U.K. Prime Minister Boris Johnson.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       U.K. Prime Minister Boris Johnson announced on Thursday a \u00a316.5 billion ($22 billion) <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/uk.reuters.com\/article\/uk-britain-defence\/post-brexit-uk-announces-largest-military-investment-since-cold-war-idUKKBN27Y314\" class=\"icon none\">increase in military spending<\/a> over the next three years, the largest since the end of the Cold War, even as measures to tackle the coronavirus pandemic have taken public deficits and debt to historic highs.<\/p>\n<div class=\"paywall\">\n<ul class=\"articleList\">\n<li>\n      Johnson revealed the first results of a wide-ranging review of defense and foreign policy in a speech to Parliament on Thursday, as the U.K. tries to define its post-Brexit role in the new global environment.<\/p>\n<\/li>\n<li>\n      The U.K., with a defense budget currently standing at \u00a342 billion, is the <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.nato.int\/nato_static_fl2014\/assets\/pdf\/pdf_2019_11\/20191129_pr-2019-123-en.pdf\" class=\"icon none\">only European country<\/a> (save for Greece) abiding by a NATO pledge to devote more than 2% of gross domestic product to defense expenditures.<\/p>\n<\/li>\n<li>\n      New funding will <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.thetimes.co.uk\/edition\/news\/boris-johnson-pledges-16bn-military-spending-spree-598cr9qrz\" class=\"icon none\">notably be devoted<\/a> to boosting space-defense capabilities and to the creation of a new national cyber force.<\/p>\n<\/li>\n<li>\n      Chancellor of the Exchequer Rishi Sunak will present next week a \u201cspending review\u201d that will show fiscal deficits of more than 5% of GDP in the years to come.<\/p>\n<\/li>\n<li>\n      According to the <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.ifs.org.uk\/publications\/15081\" class=\"icon none\">Institute for Fiscal Studies<\/a>, an independent think tank, the budget deficit this year will top 17% of GDP.<\/p>\n<\/li>\n<\/ul>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetDynamic\n          inline\n    scope-web|mobileapps\n  article__inset\n        article__inset--type-InsetDynamic\n          article__inset--inline\n  \"><\/p>\n<div class=\"dynamic-inset-container article__inset__dynamic\">\n<style>\n        iframe.twitter-tweet {\n            width: 100% !important;\n        }\n    <\/style>\n<blockquote class=\"twitter-tweet\" lang=\"en\"><p>\n        <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/BorisJohnson\/status\/1329350474789752833\"><\/a>\n        <\/p><\/blockquote>\n<p>    <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/p><\/div>\n<p>       <strong>The outlook:<\/strong> Tax rises and spending cuts are on the horizon and the fiscal correction will have to be even stricter after Johnson\u2019s defense decision. Sunak\u2019s job has just been made even more difficult. After dealing with the coronavirus pandemic, then the coming Brexit shock, he will have to find a way to fund his boss\u2019s geostrategic vision.<\/p>\n<p> Doing so might necessitate choices that could dampen the post-virus recovery. In and by itself, increased military spending will contribute to the mammoth fiscal stimulus already under way after two waves of COVID-19. But Sunak will have to decide how quickly he wants to start tackling the budget problem. Some spending will naturally stop when the pandemic recedes. But it is hard to see how the U.K. can avoid a major tax increase \u2014 the question being when this will h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en.<\/p>\n<p><strong>Oct. 2020: <\/strong>Boris Johnson faces Conservative Party unrest as Rishi Sunak emerges as possible alternative leader <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Pierre Brian\u00e7on\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Pierre_Briancon\"><\/span>Pierre Brian\u00e7on<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D12059CA2BB3%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Boris Johnson boosts military spending to Cold War levels. Here\u2019s why &#8221; U.K. prime minister announces new funding to boost space-defense capabilities and for the creation of a new national cyber force U.K. Prime Minister Boris Johnson. Getty Images U.K. Prime Minister Boris Johnson announced on Thursday a \u00a316.5 billion ($22 billion) increase in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":115504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-115503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/115503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=115503"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/115503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/115504"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=115503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=115503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=115503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}