UK defence spending was further squeezed in the 2013 Budget announcement. It is likely to face additional cuts for 2015/16 in the 2015 Spending Review. The defence budget for subsequent years may depend on how the 2015 Spending Review shares the burden of future austerity between expenditure cuts and tax rises.
The Cyprus financial crisis again begs the question: how long can the Euro-structure survive these periodic tremours, especially since every single shock which comes is bigger and has a deeper structural impact than its predecessor.
A new EUROPOL assessment highlights the scale of the threat coming from organised crime in Europe. Half of the major investigations pursued by EUROPOL have links to Britain. Fighting organised crime can no longer be the poor relation to tackling the threat from international terrorism.
As of Wednesday, 4 July, the current threat level in the UK remains at Critical, having been raised to this, the highest of five possible levels, on Saturday 30 June following failed car bomb attacks on Central London and Glasgow Airport.