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Former defence secretaries back Healey plan to use war bonds to boost defence spending
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NEWSDECK ANALYSIS
The concept of a Global Defence Bank was introduced by Canadian PM Mark Carney, aiming to facilitate international cooperation on defence spending. The UK's previous stance on the initiative was one of reluctance, with Rachel Reeves declining to join, but a change in leadership may signal a shift in approach. The potential use of war bonds to finance defence spending is a notable aspect of John Healey's reconsideration of the Global Defence Bank.
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The Independent
Former defence secretaries back Healey plan to use war bonds to boost defence spending
Rachel Reeves rejected joining the Global Defence Bank set up by Canadian PM Mark Carney, but her replacement John Healey is understood to be reconsidering it
22 Jul, 16:42
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