Could this be a game-changer?

The full £20bn cost of renewing the UK’s Trident nuclear deterrent must be paid for by the Ministry of Defence, George Osborne has said.

Traditionally, the Treasury has always found the money for the submarines.

The chancellor’s comments come as Defence Secretary Liam Fox warned it would be “very difficult” to maintain other MoD projects if more than half its budget went on funding Trident.

Given that the services, particularly the RAF, are already looking at some extremely hard choices, one wonders where this conversation will lead…

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