Starmer prepares for leadership battle with £18bn defence boost

cityam05-16

Starmer is set to approve a spending hike Prime minister Keir Starmer is expected to approve an £18bn increase in defence spending, as he prepares to battle for his political survival.Senior defence ...

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16:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/starmer-prepares-for-leadership-battle-with-18bn-defence-boost/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Starmer is set to approve a spending hike Prime minister Keir Starmer is expected to approve an £18bn increase in defence spending, as he prepares to battle for his political survival.Senior defence ...</p>\n\n<a href=\"https://www.cityam.com/starmer-prepares-for-leadership-battle-with-18bn-defence-boost/\">Source 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survival.Senior defence insiders said the investment would enable the armed forces to modernise and prepare to fight a future war.According to reports in The Times, national security adviser, Jonathan Powell, has written to Starmer in recent weeks warning him that Britain would struggle to maintain its position on the world stage without a significant hike in spending.He warned that the armed forces could not afford jets, munitions and advanced technology that is needed to fight a future war without upping the budget.Dame Antonia Romeo, Permanent Secretary to the Ministry of Justice, is also understood to have pushed for an increase to spending.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.The Greater M","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","ITA":"iShares Dow Jones U.S. Aerospace","BK4588":"碎股"},"translate_title":"斯塔默准备通过180亿英镑的国防开支来争夺领导权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ITA":1.5},"content_text":"Starmer is set to approve a spending hike Prime minister Keir Starmer is expected to approve an £18bn increase in defence spending, as he prepares to battle for his political survival.Senior defence insiders said the investment would enable the armed forces to modernise and prepare to fight a future war.According to reports in The Times, national security adviser, Jonathan Powell, has written to Starmer in recent weeks warning him that Britain would struggle to maintain its position on the world stage without a significant hike in spending.He warned that the armed forces could not afford jets, munitions and advanced technology that is needed to fight a future war without upping the budget.\n\nDame Antonia Romeo, Permanent Secretary to the Ministry of Justice, is also understood to have pushed for an increase to spending.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nApproving the boostStarmer is expected to approve the spending boost as soon as next week, ending months of delays and internal rows, amid concerns in the Treasury that the boost is unaffordable.It is currently unclear how the increase will be funded, but a Whitehall source said it would be “fully affordable”.The boost comes as Starmer gears up to battle for his premiership, following a week of resignations and turmoil inside No 10, with his role thrown further under threat by Andy Burnham attempting to return to Westminster.\n\nThe Greater Manchester Mayor confirmed he would run for a seat in Makerfield after MP Josh Simons stepped down to make way for him, and challenge Starmer for No 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