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From: Budget 2026 live: Latest updates, analysis and fact checks

Healey expected to unveil billions in new defence spending, Sunday Times reports

The Chancellor, John Healey, is expected to unveil billions of pounds of new defence spending in Wednesday's Budget, the Sunday Times reports. The BBC carries the report in its overnight Budget coverage.

According to the paper, the specific funding details would be set out at next year's spending review. The report, as relayed by the BBC, gives no figure for the new money.

PA reported earlier that Healey had promised to fill a £4.7bn "black hole" in the defence investment plan. PA also said his aim of spending 3% of GDP on defence is not expected to be met in this Budget. The Sunday Times report does not say whether the new spending would cover that gap.

The BBC notes that Healey resigned as defence secretary in June over the defence investment plan, which he said fell "well short" of what was needed.

The Treasury has not confirmed the report, and it has not been independently checked.

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