Healey wanted UK to join global defence bank, BBC told
Former defence secretary John Healey was privately pushing for the UK to join an international investment bank designed to help countries raise money for defence spending, according to people familiar with the discussions. The idea centres on the Defence, Security and Resilience Bank, or DSRB, which is being promoted as a way to lower borrowing costs for defence projects. Allies of Healey say the Treasury tried to shut down negotiations over UK participation.Healey resigned as defence secretary on Wednesday, saying the money attached to the government's upcoming Defence Investment Plan fell "well short" of what was needed. In his resignation... [Continue Reading]
360LiveNews | 13 Jun 2026 10:05 LONDON
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