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Story summary
- Chancellor John Healey said he will not commit to a 3% GDP defence spending target by 2030.
- He announced the 28 October budget will fully fund the £1.2 billion annual defence investment plan.
- Current plans project defence spending reaching only 2.7% of GDP by 2030.
- Healey pledged to outline a pathway to NATO’s 3.5% defence target by 2035 at next year’s review.
