Chancellor pledges ‘fiscal discipline’ as plan to spend 3% of GDP on defence by 2030 deferred until 2027 review The new chancellor, John Healey, will delay setting out when the UK will meet the target of spending 3% of GDP on defence until next year’s spending review, the Treasury has confirmed. Healey resigned as defence secretary in June under Keir Starmer’s leadership, accusing the then prime minister of being “unable” and the Treasury “unwilling” to “commit the resources that the nation needs to defend the country”. Continue reading...