Cheap Russian and Chinese precision missiles 'threat to £3bn aircraft carriers'

The report's co-author Professor Trevor Taylor said: "UK defence policy prioritises the capability to project force to areas of concern and to deter attacks on British assets and allies. "The advancing capabilities of potential adversaries in Northern Europe, the Middle East and even East Asia need to be taken into account in reviews of UK defence policy and military tasks, British and Nato approaches to deterrence strategy, and the priorities for UK capability development."