Britain's Defence Secretary Ben Wallace watches Ukrainian troops being trained by the British Army at Bovington Camp, south-west England, on February 22. AFP
Britain's Defence Secretary Ben Wallace watches Ukrainian troops being trained by the British Army at Bovington Camp, south-west England, on February 22. AFP
Britain's Defence Secretary Ben Wallace watches Ukrainian troops being trained by the British Army at Bovington Camp, south-west England, on February 22. AFP
Britain's Defence Secretary Ben Wallace watches Ukrainian troops being trained by the British Army at Bovington Camp, south-west England, on February 22. AFP

Ben Wallace 'confident' defence budget will meet British Armed Forces' needs


Laura O'Callaghan
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Britain’s Defence Secretary Ben Wallace has said he is confident Prime Minister Rishi Sunak will give the armed forces a budget big enough to meet its needs.

Mr Wallace, a former soldier, spoke after reports suggested his department would be allocated less than it had requested.

He has said defence spending needs to rise by up to £11 billion ($13.23 billion) over the next two years to cover the cost of the war in Ukraine and rising inflation.

But after talks between Chancellor of the Exchequer Jeremy Hunt and Mr Wallace, media reports suggest that figure could be between £4 billion and £5 billion.

'Give defence a 10-year budget'

Speaking at Conservative Home’s defence and security conference in Westminster on Monday, Mr Wallace appeared optimistic before the spring budget, scheduled for next Thursday.

Mr Wallace used his appearance at the gathering to stress the need for the British Army to be "match fit", given that a war is raging on the continent.

He said that the world looked set to become “more insecure, more unstable and more anxious in the next decade or two decades”.

“We need to recognise that."

As arms donations to Kyiv continue, Mr Wallace said a key task for the government was to show it is committed to restocking weapons.

Turning to procurement, he said there had been "a political lack of courage over the decades to just delete things" off order lists.

Mr Wallace said that if a particular project was not needed, "you get much greater waste by deferring" than you do by binning it.

"Deferrals might be convenient and politically a clever way of hiding and telling the public you can't have everything you want," he said.

He suggested Britain should look to its European allies for inspiration on spending.

“I think the biggest thing that the government could do [to help], and it’s been recommended on three reviews … [is] give me a 10-year budget," Mr Wallace said.

"My Italian colleagues have a 10-year budget, my German colleagues have a 10-year budget, my French colleagues have a 10-year budget. I was in Saudi [Arabia] last week and they have a 10-year budget."

His trip to Riyadh included a meeting with the Saudi Defence Minister, Prince Khalid bin Salman, after which they signed a defence agreement to strengthen their combat relationship.

Mr Wallace said he was proud of the difference the UK had made in helping Ukraine to defend itself against invading forces.

But he added: “We must invest in the future as well and learn the lessons from what we’re seeing on the battlefield to make sure we are match fit [going] towards whatever happens next.”

Putin bogged down in quagmire

More than a year after the Kremlin ordered the full-scale invasion of Ukraine, Russian President Vladimir Putin “is in a difficult position”, Mr Wallace said.

He highlighted Moscow selling oil and gas to China at a 25 per cent discount as a sign of Mr Putin’s desperation.

“That makes Russia dependent on China in the way that it is desperately wanting to avoid,” Mr Wallace said.

The war in Ukraine, which Russia calls a “special military operation”, and western sanctions have dealt heavy blows to the Russian economy.

Mr Wallace said Mr Putin “has lost well over 188,000 soldiers” in Ukraine and has enjoyed only minimal territorial gains.

“So he is in a difficult position,” he said. “Yes, he has captured a small amount of territory [but] he has had to drop back [in other areas].”

The figure mentioned by Mr Wallace was similar to an estimate given by US intelligence in January, albeit that referred to both dead and injured Russian troops.

He predicted the Russian leader would “settle down for the long haul because that’s his only option, he has no other option apart from international escalation, which we all worry about [and] we work to mitigate”.

Repeating the Conservative government’s pledge to stand by Kyiv no matter how long the war drags on, he said: “We’re with Ukraine to the end.

“At the end, I think, is the expulsion of Russia from Ukraine and indeed forcing Russia into some form of negotiation … when Ukraine is in a position of strength and it gets to choose what it wants to do with its future."

Nato allies’ donations of “nearly 200 tanks across the board” to Ukraine has sent a “pretty strong statement” to Russia about the transatlantic alliance’s support for Kyiv's war efforts, Mr Wallace said.

Support for Ukraine on anniversary of Russian invasion - in pictures

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

COMPANY%20PROFILE
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Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Company%20Profile
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TOP%2010%20MOST%20POLLUTED%20CITIES
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Essentials

The flights
Emirates and Etihad fly direct from the UAE to Los Angeles, from Dh4,975 return, including taxes. The flight time is 16 hours. Alaska Airlines, United Airlines, Delta Air Lines, Aeromexico and Southwest all fly direct from Los Angeles to San Jose del Cabo from Dh1,243 return, including taxes. The flight time is two-and-a-half hours.

The trip
Lindblad Expeditions National Geographic’s eight-day Whales Wilderness itinerary costs from US$6,190 (Dh22,736) per person, twin share, including meals, accommodation and excursions, with departures in March and April 2018.

 

UAE currency: the story behind the money in your pockets
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Updated: March 07, 2023, 12:41 AM