The British government must increase spending on the armed forces if Britain is to maintain its defense relationship with the United States, MPs have warned. The Commons Defense Committee said without further investment, UK forces would struggle to maintain “interoperability” with the US military, diminishing their usefulness as allies.
The British Government is supporting a project to encourage municipalities from Guatemala, El Salvador and Honduras to adopt practices which can prevent corruption. The initiative, under the “Islands of Integrity” concept, aims to address the root causes of corruption by encouraging free-market policies and enhancing efficiency.
The British government has been narrowly defeated in a key vote on its Brexit bill after a rebellion by 11 Tory MPs. In a blow to Prime Minister Theresa May, MPs voted to give Parliament a legal guarantee of a vote on the final Brexit deal struck with Brussels.
The British government has taken advantage of recent share price strength and sold 721m Lloyds Banking Group shares. The share sale reduces the government’s stake in the lender to just under 8%. In total, the taxpayer owns a cool 5.7bn shares in Lloyds.