Former PM says ‘exceptional’ aim to spend 5% of GDP should be a joint Nato and European initiative financed via bonds or a defence fundThe Bank of England is poised to cut interest rates today despite a growing divide between its policymakers over the dangers to the economy from high inflation and rising unemployment, Richard Partington reports.Good morning. In every era in politics there are claims that the current generation of politicians aren’t as impressive as the ones that came before. A lot of this is just false memory warped by nostalgia, but in the UK at the moment there are eight former prime ministers and they provide a sub-set that does, sort of, stand up the theory. Continue reading...
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