Britain's so-called 'special relationship' with the United States...
LONDON - Britain’s so-called ‘special relationship’ with the United States was one of the most enduring alliances of the 20th century, though Brexit and the election of U.S. President Donald Trump have raised questions about its future.
The United States is the world’s biggest economy, worth about $21.3 trillion or 24.4 percent of global GDP, while Britain is the fifth largest, worth about $2.8 trillion or 3.2 percent of global GDP. The United States, which spends more on its military than the next seven highest-spending countries combined, is proposing to spend $686 billion on defense this year. It has the second largest number of nuclear weapons after Russia.
Britain has a fleet of four Vanguard-class submarines, which can each carry 16 Trident II D5 missiles. These are leased from a pool of such missiles that it shares with the U.S. Navy. During World War Two, the two countries forged a close intelligence sharing deal that was later extended to include Canada, Australia and New Zealand and became known as the “Five Eyes”.
The U.S. intelligence budget excluding military intelligence is $60 billion while the UK intelligence budget is 2.3 billion pounds .London and New York are the world’s two biggest financial centers. While London is by far the biggest center for foreign exchange trading and international lending, New York is king for bonds and stocks.
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