UK weighs joining Canada-led defence bank to fund higher military spending
UK Chancellor John Healey is weighing joining the Canada-led Defence, Security and Resilience Bank (DSRB), a multilateral lender that would provide cheaper loans to fund defence projects. Membership would require roughly £870m upfront over three years and could boost defence spending beyond current plans, though a decision has not yet been made; former chancellor Rachel Reeves reportedly rejected the idea.