UK Treasury

British Defence Secretary John Healey resigned, accusing Prime Minister Keir Starmer and the Treasury of insufficient funding for the armed forces. The resignation intensifies pressure on Starmer ahead of a by-election, compounded by anti-immigration riots in Belfast and growing far-right support.

British Defence Secretary John Healey resigned, accusing Prime Minister Keir Starmer and the Treasury of insufficient funding for the armed forces, warning that delayed defense investment could leave Britain vulnerable.

UK Secretary of Defense John Healey resigned over a budget dispute, criticizing the government for insufficient resources for the British Armed Forces. The resignation follows internal pressure on Prime Minister Keir Starmer, whose popularity has declined, and precedes a delayed defense funding announcement ahead of a NATO summit. A by-election in Makerfield may further challenge Starmer's leadership.

British Defense Secretary John Healey resigned, stating the government's defense investment plan is insufficient amid rising threats and delayed publication due to disagreements between the defense ministry and the Treasury.

The UK Treasury has not yet decided to join the government's £1.7 billion ERP program, despite funding it for five years. Delays in the Matrix cluster's rollout have pushed back the Treasury's decision until December 2026, as it awaits documentation to assess the feasibility and cost of migrating from Oracle Fusion to Workday's cloud-based software.

The UK Treasury is set to take control of fighter jet spending following defense ministry mishaps. Keir Starmer prepares to announce a £15bn increase in military expenditure.

The UK Treasury rejected a plan to reduce VAT on public EV charging from 20% to 5%, despite the Department for Transport's support. The proposal, criticized as a 'pavement tax,' faced internal government disagreement, with charger companies indicating they would pass tax cuts to consumers if implemented.

The UK's food system is under strain due to global events and climate crises, leading to significant price surges. The Treasury's push for supermarkets to cap essential food prices has sparked backlash, but experts warn of ongoing challenges from the Iran war and an El Niño event. Britain's reliance on a global food system is no longer viable.

The Iran war is exacerbating economic challenges in Africa and Asia through rising fuel and commodity prices, triggering protests across multiple African nations. Indonesia has imposed export restrictions to manage fiscal impacts, while even developed nations like the UK are implementing price controls to combat inflation.

The UK Treasury's Economic Secretary highlighted digital assets' potential to transform markets and announced an upcoming consultation on payments involving digital assets and AI agents. The consultation will focus on the role of digital assets in payments. Digital assets may bring significant changes to markets.