Defence Secretary John Healey has reportedly pushed for the UK to join the Defence, Security and Resilience Bank (DSRB) to help secure funding for military and defence-related needs, an idea linked to remarks by Canadian Premier Mark Carney. According to the report, Healey’s proposal is presented as a way to access “much-needed” resources through an international investment mechanism focused on defence, security and resilience. The same account says the plan was blocked by the Treasury, preventing the UK from pursuing membership or participation.
The reporting does not specify the Treasury’s reasons for rejecting the proposal, nor does it detail what form of participation Healey sought. It also does not provide confirmation from other government departments or an official statement from either Healey or the Treasury. The DSRB is described in the account as the relevant institution for the proposal. Overall, the available information centers on internal disagreement within government over whether the UK should pursue membership in the DSRB for defence funding, and whether the Treasury supports that approach.
