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3:31pm Friday 30th July 2010 in Entertainment News © Press Association 2011
Defence Secretary Liam Fox today warned of the risk of a "new nuclear arms race" as he defended the renewal of Trident as the most cost-effective way of maintaining Britain's deterrent. Dr Fox was speaking just hours after Chancellor George Osborne made clear in public for the first time that the Ministry of Defence will have to bear the full cost of replacing the UK's ageing nuclear submarines from within its core budget.
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