Politics · 2 hours ago

Healey to Borrow Billions for Defence in Budget

Arlington National Cemetery / US Army, public domain, via Wikimedia Commons

Chancellor John Healey is expected to borrow billions to boost defence spending in Wednesday's Budget, The i Paper reports. An extra £20.4bn will go to the National Wealth Fund and British Business Bank, partly for defence firms, and he will plug a £4.7bn gap in the defence investment plan. But a firm commitment to spend 3% of GDP on defence is set to be delayed.

By BriefTea Editorial · 26 October 2026 at 6:08

Reported by The i Paper · How we write briefs

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