Rich Knighton

Money Moves

Active — warning of operational cutbacks

Britain's top uniformed officer told the House of Lords on June 16 that the armed forces will have to 'dial back' operations, training, and exercises if funding does not rise. Chief of the Defence Staff Rich Knighton said day-to-day budgets are losing ground to capital spending. The split was 80/20 twenty years ago; on current projections it reaches 50/50 by 2030.

Updated Jun 22