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Story summary
- Chancellor John Healey will announce billions of pounds in new defence investment in the Budget.
- He will borrow £20.4 bn to add £15.4 bn to the National Wealth Fund and £5 bn to the British Business Bank.
- Healey also plans to cover the £4.7 bn shortfall in the Defence Investment Plan.
- Conservative shadow chancellor Andrew Griffith said Healey must fund a 3 % of GDP defence target by the Budget or resign.