John Healey aimed for UK to join global bank for defense funding
Former defence secretary John Healey privately advocated for the UK to join an international investment bank, the Defence, Security and Resilience Bank (DSRB), to boost defence funding. The UK government reportedly resisted negotiations, with the Treasury exploring alternative funding options, including a multi-lateral defence mechanism with Poland. The DSRB aims to provide low-cost funding for defence projects, but concerns remain about the upfront costs and its potential benefits for the UK. Healey’s resignation cited insufficient defence funding as a key reason.
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