UK in talks about joining global defence bank led by Canada
He will also say that Nato will "not be intimidated by Russia's campaign of hostile actions. "Russia wants to stop us helping Ukraine – but their actions will only lead us to do more for Ukraine."It comes after Nato forces shot down a drone over Lithuania in the latest security scare on the alliance's eastern flank, where tensions remain high amid Russia's full-scale invasion of Ukraine. Membership of the bank for the UK and other G7 countries would come with an upfront investment cost of around £870m spread over three years.Paying for the UK's growing defence commitments is one of Healey's biggest headaches as he prepares for the Budget in October and next year's spending review.
- ▪He will also say that Nato will "not be intimidated by Russia's campaign of hostile actions.
- ▪"Russia wants to stop us helping Ukraine – but their actions will only lead us to do more for Ukraine."It comes after Nato forces shot down a drone over Lithuania in the latest security scare on the alliance's eastern flank, where tensions
- ▪Membership of the bank for the UK and other G7 countries would come with an upfront investment cost of around £870m spread over three years.Paying for the UK's growing defence commitments is one of Healey's biggest headaches as he prepares
2 outlets in our directory ran this story, first to last over 5 hours. All of the coverage we found sits in one bucket: lean left. That one-sidedness is itself worth noticing.
- ▪ John Healey in talks with Canada about UK joining new global defence bank — The Guardian — UK
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| Publication time | Tue, 15 Sep 2026 23:50:55 GMT |
| Retrieval time | 2026-09-15T23:58:29.247Z |
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UK in talks about joining global defence bank led by CanadaImage source, PA MediaImage caption, A British soldier taking part in a Nato exercise in FinlandByHarry Farley, Political correspondent and Kate Whannel, Political reporterPublished3 minutes agoThe UK government is in discussions about joining a global investment bank, aimed at raising more money for defence spending. Chancellor John Healey is considering a bid to join the Defence, Security and Resilience Bank (DSRB), not long after his predecessor Rachel Reeves rejected the idea.Canada has been leading efforts to establish the bank, which supporters say would enable governments to borrow at lower costs to increase military spending.Treasury officials stressed that no decision has been made.
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