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Defence Spending, Resilience and Growth
Blain’s Morning Porridge Feb 18th, 2026 – Defence Spending, Resilience and Growth
“To save the village it was necessary to destroy it.”
The Russians have captured the FT, apparently! The headline that Gilts are about to crash because the Government will borrow more to increase defence spending is Pravda 101. The reality is Gilts should rally on increasing the strategic deterrence that defence spending will create.
If you wish for peace, be prepared for war. Strategic Deterrence is the most valuable form of infrastructure a nation can possess.
There is a worrying story in the FT this morning –…
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