AssetID: 56026540
Headline: UNCAPTIONED: UK Considers Joining Canada-Led Global Defence Bank
Caption: UK Considers Joining Canada-Led Global Defence Bank. The UK government is in talks about joining a global investment bank designed to raise more money for defence spending. Chancellor John Healey is considering joining the Defence, Security and Resilience Bank, an initiative led by Canada that supporters say could allow governments to borrow at lower costs to boost military investment. The discussions come after Healey's predecessor, Rachel Reeves, rejected the proposal. Treasury officials stressed that no decision has been made, while the government said it remains committed to working with international partners to expand defence industrial capacity. Prime Minister Andy Burnham had been due to meet Canadian Prime Minister Mark Carney before cancelling commitments following the death of his father. NATO Secretary General Mark Rutte is also visiting Britain, where he is expected to praise the UK's support for Ukraine and say the alliance will not be intimidated by hostile Russian actions. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,UK Considers,joining,Canada-led,Global Defence Bank,government,global investment bank,raise money,defence spending,Chancellor,John Healey,Prime Minister,Andy Burnham,Mark Carney
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