Telegraph: "Britain's Military Standing Slides, Warns Think Tank"

"Britain has slipped down a league table of military spending, a respected think tank has said, despite Coalition claims defence cuts would not harm the UK's international standing.

The International Institute for Strategic Studies (IISS) says Britain has slipped to fifth place behind Saudi Arabia in a ranking of defence budgets, after years of austerity cuts to the Armed Forces."

Britain's military standing slides, warns think tank - Telegraph

Giri Rajendran: 2013?s top defence-spenders | IISS

 

The story is complete BS even by Telegraph standards. If you read the ISSS report it notes that this is purely down to exchange rate fluctuations meaning that the Saudis were pushed ahead on rates not actual expenditure. But never let the truth get in the way of a dit...

 

Cameron can no longer claim this

UK overtaken by Saudi Arabia on defence spending | British Forces News

The UK is no longer the world’s fourth largest spender on defence. That is according to new research from the International Institute of Strategic Studies.Its academic team says Britain’s military spending has been eclipsed by that of Saudi Arabia.

 

http://www.navy-net.co.uk/showthread.php?t=73731

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As long as it is UK kit they are buying, we aren't really losing out overall.