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Story summary
- John Healey is discussing the UK joining a Canada-led defence, security and resilience bank.
- Healey met Canadian Finance Minister François-Philippe Champagne twice at the G20 in North Carolina.
- Rachel Reeves rejected the DSRB and said the UK will join the Multilateral Defence Mechanism with the Netherlands, Finland, Poland.
- Reeves said the MDM could cut UK defence procurement costs by 20% and pledged £600 million to it.