The Tory trouble to come on defence spending
There are still some unhappy mutterings about the possibility that the Tories won’t commit to spending 2 per cent of GDP on defence in the next Strategic Defence and Security Review. Treasury sources have been pouring cold water on the suggestion that George Osborne has told David Cameron that spending will fall below that target, but that’s because no-one’s making any decisions until they have to, and they only have to make a decision after the election. In any case, we’ve probably seen the full extent of the unhappy mutterings in the past few days anyway - at least, until the election is over.