Nuclear powers plan weapons spending spree, report finds

The world's nuclear powers are planning to spend hundreds of billions of pounds modernising and upgrading weapons warheads and delivery systems over the next decade, according to an authoritative report published on Monday.

Despite government budget pressures and international rhetoric about disarmament, evidence points to a new and dangerous "era of nuclear weapons", the report for the British American Security Information Council (Basic) warns.

It says the US will spend $700bn (£434bn) on the nuclear weapons industry over the next decade, while Russia will spend at least $70bn on delivery systems alone. Other countries including China, India, Israel, France and Pakistan are expected to devote formidable sums on tactical and strategic missile systems.

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