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Old 2nd Feb 2017, 10:43
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sharpend
 
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Defence expenditure

Thought for today: Defence spending, as a percentage of GDP, has fallen from 7.5% in 1955, a period of relative peace, to 2% today. During this period, Welfare, as a percentage of GDP, has risen from less than 5% to over 12%. Source: House of commons HC494
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