AssetID: 55822341
Headline: UNCAPTIONED: Burnham Faces £4.7bn Defence Funding Gap
Caption: Burnham Faces £4.7bn Defence Funding Gap. A government minister says Andy Burnham's incoming government will need to find an extra 4.7 billion pounds to fund the UK's new defence investment plan. Defence Minister Luke Pollard said the next chancellor would have to identify the money in the autumn Budget. Outgoing Prime Minister Keir Starmer recently announced 15 billion pounds of defence spending over the next four years. However, the Treasury says it has only identified 10.3 billion pounds in savings so far, leaving a funding gap of around 4.7 billion pounds. Pollard said it would be up to the next chancellor to allocate additional resources and use existing budget headroom if necessary. He also revealed Burnham was only informed about the shortfall this week as preparations continue for a possible change in government. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Andy Burnham,incoming,government,need to find,4.7 billion,pounds,extra,new defence investment plan,Defence Minister,Luke Pollard,next chancellor,identify,money,autumn,budget,Keir Starmer
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