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UK could save billions by cutting back on Trident nuclear submatrines

Billions could be saved by scaling down Trident | Reuters(Reuters) 22 May 2010,  – Britain may be able to save about 11 billion pounds in defence costs if it were to end its policy of keeping at least one nuclear armed-submarine at sea at all times, a prominent defence think-tank said.UK | David CameronDefence spending is a prime candidate for cuts as Prime Minister David Cameron seeks ways to reduce a budget deficit set to reach 163 billion pounds this financial year.Cameron’s government outlined plans on Thursday to reduce the deficit, before an emergency budget due on June 22, including cutting defence ministry running costs by 25 percent.Controversy has swirled around Britain’s submarine-based nuclear weapons system, or Trident, with the Liberal Democrat party, the junior partner in the new coalition government, arguing that it should be replaced with a cheaper alternative.The Conservative Party, the coalition’s senior partner, wants to keep Trident.

Billions could be saved by scaling down Trident | Reuters

May 22, 2010 - Posted by | business and costs, UK | , ,

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