{
  "id": 16469222,
  "title": "Healey to unveil billions in defence spending as Tories demand he resign",
  "url": "https://urgent.news/2026/10/25/healey-to-unveil-billions-in-defence-spending-as-tories-demand-he",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-25T11:16:43.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/healey-to-unveil-billions-in-defence-spending-as-tories-demand-he-resign/"
  },
  "original_language": "en",
  "account": "John Healey is scheduled to reveal significant defence spending in the upcoming Budget on Wednesday, amid calls from the Conservatives for his resignation. The chancellor is reportedly planning to invest billions through the National Wealth Fund and British Business Bank, aiming to back British defence manufacturers and military technology firms while creating domestic jobs. This new funding will be financed through long-term borrowing, rather than through spending cuts, ensuring the Treasury can increase defence investment without breaching fiscal rules. The funding will also contribute to NATO's defence spending goals, providing a way for Healey to boost military investment while facing pressure to balance the public finances. Healey's announcement comes four months after he resigned as defence secretary under former Prime Minister Keir Starmer, arguing that the government had not committed sufficient funding to the armed forces. Former defence secretary Wes Streeting has warned that Britain must be prepared for potential conflict by 2030 as Russia enhances its military capabilities, stating that the UK has \"a little over 1,000 days\" to ensure it can defend itself alongside NATO allies.",
  "summary": "John Healey is set to announce billions of pounds in new defence investment in Wednesday’s Budget as the Conservatives demand he resign unless he commits to spending three per cent of GDP on the military by 2030. The chancellor is expected to channel additional funding through the National Wealth Fund and British Business Bank, backing [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}