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Healey wanted UK to join global defence bank, BBC told
Key takeaways
- Allies of Healey claim the Treasury tried to shut down negotiations for the UK to join the Defence, Security and Resilience Bank (DSRB), an idea spearheaded by Canada.
- In his resignation letter Healey said there were "credible ways" to fund extra defence spending, including "working multi-nationally".
- The DSRB, which aims to help member countries fund defence projects at low costs, is expected to be officially launched at a Nato summit next month.
Why this matters: a developing story that could shape the day's news cycle.
Jack Fenwick Political correspondent PA Media Former defence secretary John Healey was privately pushing for the UK to join an international investment bank to raise more money for defence spending, BBC News has been told.
Allies of Healey claim the Treasury tried to shut down negotiations for the UK to join the Defence, Security and Resilience Bank (DSRB), an idea spearheaded by Canada.
In his resignation letter Healey said there were "credible ways" to fund extra defence spending, including "working multi-nationally".
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