John Healey in talks with Canada about UK joining new global defence bank

Exclusive: Britain is understood to have been formally invited to become founding member of multilateral lenderJohn Healey is in talks with the Canadian government about joining a new global defence bank intended to help allies rearm to counter mounting security threats, just weeks after Rachel Reeves rejected the move.The chancellor is understood to be actively considering a bid to join the proposed Canada-led defence, security and resilience bank (DSRB), which proponents say could help the UK fund defence projects at lower cost, before planned talks with his Canadian counterpart this week. Continue reading...