British armed forces are going to face major cuts if Britons vote to leave the European Union (EU) in a referendum later this month, UK Chancellor of Exchequer George Osborne has warned.
In an interview with the Sun, Osborne said that up to £1.5 billion in cuts were awaiting the country’s military forces which would result in ditching plans to purchase a modern generation of warships, fighter jets and other gear.
“I’d have to start cutting key budgets like defense. I’ve looked at the numbers and it looks like defense would have to be cut by between £1 billion and £1.5 billion,” said Osborne, who is the country’s chief financial minister.
He said cutting the country’s budget would be “the last thing I want to do,” but if the Leave campaign prevails in the June 23 vote “Britain is smaller and so our Armed Forces will be smaller and that means fewer planes, ships and personnel to defend us.”
The head of the UK treasury said the…