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Forum: Military Aviation

2nd Oct 2022, 06:48

Replies: 97

New Defence Review, higher or lower?

Views: 15,086

Posted By petit plateau

The UK's 2020/21 defence budget is about £42bn. ...

The UK's 2020/21 defence budget is about £42bn.

"On Wednesday, the Bank of England was forced to take emergency action to halt a run on pension funds by setting aside £65bn to buy bonds."

Go...

Forum: Military Aviation

25th Sep 2022, 18:34

Replies: 97

New Defence Review, higher or lower?

Views: 15,086

Posted By petit plateau

In 2011 the USD/GBP rate was approx 1.62 USD per...

In 2011 the USD/GBP rate was approx 1.62 USD per GBP (not knowing the month of your trip I cannot be more precise). So a 32% decrease in th eexchange rate in that time, of which 29% of th edecline...

Forum: Military Aviation

24th Sep 2022, 19:54

Replies: 97

New Defence Review, higher or lower?

Views: 15,086

Posted By petit plateau

After 7-years and the change of 4-prime-ministers...

After 7-years and the change of 4-prime-ministers it would seem the markets disagree with you, hence 29% reduction in the value of sterling vs USD. I note the Cons were in the driving seat the whole...

Forum: Military Aviation

24th Sep 2022, 13:52

Replies: 97

New Defence Review, higher or lower?

Views: 15,086

Posted By petit plateau

A lot of defence equipment is essentially priced...

A lot of defence equipment is essentially priced in US dollars, much as oil and most major commodities are. In May 2015 when the Brexit referendum became law the GBP/USD rate was approx 1.55. It is...

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