The Cost of the Olympics
The next Chancellor has some very large expenditure in the next few years. £3bn plus for the Olympics, £10bn-£16bn for Crossrail, £3.5bn for Thameslink and up to £25bn for the Trident replacement.
So it's obvious then. We won't replace Trident!
We might have a few nuclear-tipped missiles and bombs for hitting some rogue state, but long range missiles. Forget it!
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