NEWS UK will speed up purchase of F-35 jets

In a rare display of increased military spending, George Osborne has told the BBC that the UK will significantly speed up its acquisition of new carrier-based F-35 stealth fighters. The chancellor of the exchequer also told the BBC yesterday that anti-terror spending would be increased by 30 percent. These comments precede Wednesday’s Spending Review, where Osborne is expected to announce massive austerity measures that will cut the government’s annual budget by around £20 billion, with the aim of eliminating the country’s deficit by 2020.