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20090426 Sunday April 26, 2009

War and credit-crunch

The UK is projected to borrow £175bn over the next 2 years. The UK is projected to spend approximately £16bn in total, through to 2010 on the Afghanistan and Iraqi wars. Precise figures seem hard to find, but some £7bn approx had been spent through to 2007, so a figure of around £6bn seems a reasonable, rough projection for 2009-2010 spending (winding down in Iraq has been matched by escalation in Afghanistan). These figures are, it seems, by and large supplementary to the main UK DoD budget of circa £36bn/annum.

So something like 3% of that massive 175Bn of borrowing is simply going toward that remaining, failed project of Blair in Afghanistan. That's a huge burden. Will UK tax-payers accept cuts in public-services, while paying for continuing, futile, death and destruction in Afghanistan?

( Apr 26 2009, 03:53:06 PM IST ) Permalink Comments [0]

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