Unveiling details of around 1,500 job losses - the final tranche of some 30,000 to be cut from the army, navy and air force - Defence Secretary Philip Hammond said Britain remained the world's fourth largest military spender.
"Completion of this final tranche will mark a turning point," Hammond told parliament. "(The) armed forces will not only be affordable and sustainable but among the most battle-hardened, best-equipped and best-trained forces in the world."
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