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Defence Budget cut by eight per cent

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

The government has today agreed funding for Defence of £33.8bn in 2011-12, £34.4bn in 2012-13, £34.1bn in 2013-14 and £33.5bn in 2014-15. This settlement represents an eight per cent reduction in real terms.