Defence cuts effectively paid for a growing UK welfare state for 60 years – but that looks impossible after Ukraine
External publication
For decades, the "peace dividend" from lower spending on defence has, in effect, allowed successive governments to pay for a growing welfare state without a higher tax burden. But the conflict in Ukraine could mark the end of that trend, if the UK follows countries across Europe in announcing plans for higher defence expenditure. What might this mean for the government's fiscal situation?
Read the full article in The Conversation here.
