UK Government Aides Plot to Boost Defence Spending with 'War Bonds' As Labour leadership contender Andy Burnham edges closer to potentially becoming Britain's next Prime Minister, senior Downing Street figures are secretly planning to persuade him to revive a contentious financial strategy: "war bonds." The idea, which involves allowing the Treasury to borrow more to fund military spending, has been met with skepticism in the past. Now, with the UK facing growing security concerns and a long-awaited Defence Investment Plan set to allocate £13.5 billion, Downing Street aides believe that Burnham will be receptive to their proposal. If successful, the move could pave the way for increased defence spending and a significant shift in the UK's financial priorities.
Downing Street figures plan to convince Burnham to revive ‘war bonds’ when he becomes prime ministerDowning Street aides are planning to lobby Andy Burnham during access talks to revive the idea of “war bonds” to pay for higher defence spending when he becomes prime minister, the Guardian understands.Senior No 10 figures want the Treasury to be allowed to borrow more for military spending and will try to convince Burnham to invest beyond the £13.5bn earmarked for the long-awaited Defence Investment Plan (Dip). Continue reading...
