Three soldiers walk alongside an armoured tank in a snowy landscape. Three soldiers sit on top of the tank.Image source, Press Association
Image caption,

Members of the Finnish army and British army on a training exercise on Nato's border with Russia

ByKate Whannel, Political reporter and Jack Fenwick, Political correspondent
  • Published28 October 2026, 17:32 GMT
Updated 13 minutes ago

Chancellor John Healey has told every government department to find 1% cuts in their capital budgets to fill a £4.7bn hole in the funding of the Defence Investment Plan.

The reductions come on top of the 1% cuts departments were asked to make earlier this year in order to pay for the initial £10.3bn of the plan's overall £15bn price tag.