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Chancellor Healey to shelve defence spending target - report

By Michele Maatouk

Date: Friday 28 Aug 2026

(Sharecast News) - Chancellor John Healey will reportedly shelve his own target of spending 3% of Britain's GDP on defence by 2030 when he presents his first Budget in October.
According to the Financial Times, which cited government insiders, Healey's Budget will focus instead on filling a defence equipment funding gap...

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