Since Britain’s EU referendum result, the pound has fallen against the US dollar by around 15 per cent. If this decline is sustained, the cost of Britain’s defence imports could increase by around £700 million per annum from 2018–19 – around 2 per cent of the total defence budget.
The review of the government's acquisition programme should be welcomed by all who care about equipping our Armed Forces with the right equipment, at the right time, within an affordable programme - and it is to be hoped that this includes both present defence ministers and their successors after the next election.
While both the Gray report on defence acquisition and the Haddon-Cave report on the Nimrod disaster cover a similar subject, they offer very different visions for future reform in the Ministry of Defence.
India faces important economic and strategic choices over the next decade, especially in terms of its diplomatic relations and defence industry. While there are limited signs that India has made positive steps to improve regional relations, urgent reform is needed at the national level to ensure its security.