• New UK Chancellor of the Exchequer, John Healey will shelve his own 3% GDP defence spending target by 2030, delaying it until next year's Treasury spending review.
  • The October Budget will focus on filling a nearly £5 billion defence equipment funding gap, roughly £1.2 billion annually.
  • Healey resigned as defence secretary in June over inadequate spending ambition, but now cites fiscal discipline as the priority.