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Economy

Military spending has hit a record global high. The US, the world’s leading military power, approved its first ever trillion-dollar military budget in 2025. Meanwhile the UK, its close ally, plans to increase its budget by fifty per cent over the next decade. Funding militaries to be forces for global intervention has economic costs: the diversion of public investment towards a weapons industry that produces few jobs and little growth, the redistribution of public resources to the investment firms that own military contractors and cuts made to state spending to facilitate military expansion.

We research the political economy of military spending and work with trade unions on just transition plans to provide alternatives to military manufacturing.

14 Articles
Timeline

Green Clydeside: Modelling Military Industrial Conversion

Military industrial conversion was a popular proposal in the twentieth century. What would it look like on the Clyde today?
Pinelopi Gardika, Leela Jadhav, Khem Rogaly
Published October 23, 2025
Essay

Transition Security

What are the consequences of militarisation for a warming world? How will Transition Security Project respond to this moment?
Khem Rogaly, Patrick Bigger, Lorah Steichen
Published October 16, 2025
Map

A Lucas Plan for the Twenty First Century: Map

Mapping military aerospace and shipbuilding in North West England, the Scottish central belt and Northern Ireland.
Khem Rogaly, Sophie Monk
Published October 18, 2024

A Lucas Plan for the Twenty First Century: From Asset Manager Arsenal to Green Industrial Strategy

Report by Khem Rogaly
Published October 18, 2024
Briefing

Welfare to Arms: Shareholder Payouts in the Arms Industry Since 2010

How arms industry shareholders benefit from military spending.

Khem Rogaly
Published September 15, 2023

The Asset Manager Arsenal: Who Owns the UK Arms Industry?

Report by Khem Rogaly
Published July 9, 2023
Interactive

The Asset Manager Arsenal: An Interactive Story

Khem Rogaly, Sophie Monk
Published July 9, 2023