{"id":12590,"date":"2026-04-21T03:09:06","date_gmt":"2026-04-21T03:09:06","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/12590\/"},"modified":"2026-04-21T03:09:06","modified_gmt":"2026-04-21T03:09:06","slug":"britain-sidelined-in-talks-on-carney-backed-defense-bank-politico","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/12590\/","title":{"rendered":"Britain sidelined in talks on Carney-backed defense bank \u2013 POLITICO"},"content":{"rendered":"<p>Labour MPs and defense industry representatives have warned that London risks missing out on yet another opportunity to finance the armed forces, having failed to join the EU&#8217;s <a href=\"https:\/\/pro.politico.eu\/bills\/738447\/overview\" target=\"_blank\" rel=\"nofollow noopener\">Security Action for Europe (SAFE) program<\/a> last year.<\/p>\n<p>The DSRB was conceived by former head of NATO innovation, Rob Murray, and has been backed by Canadian PM Mark Carney. The initiative aims to create a multilateral AAA-rated bank that can provide loans to allied governments and allow countries to borrow directly from the institution at a lower cost.<\/p>\n<p>Carney has <a href=\"https:\/\/www.politico.eu\/article\/mark-carney-lobbies-keir-starmer-over-defense-bank\/\" rel=\"nofollow noopener\" target=\"_blank\">lobbied Starmer repeatedly<\/a> to have Britain join the bank. However, the U.K. Treasury has expressed little enthusiasm for the proposal so far, instead focusing on <a href=\"https:\/\/www.gov.uk\/government\/news\/joint-statement-from-finland-the-netherlands-and-the-united-kingdom-on-joint-defence-financing-and-procurement\" target=\"_blank\" rel=\"nofollow noopener\">a separate initiative<\/a> with the Netherlands and Sweden.<\/p>\n<p>Meg Hillier, chair of the Treasury select committee, said of the DSRB: \u201cThere are options out there about how we can get money into defense without it always being public money, so I think those discussions need to be had, sharpish.\u201d<\/p>\n<p>Alex Baker, a Labour MP on the parliamentary defense committee, said: \u201cAs our allies move ahead with charter negotiations, we cannot afford to be left behind.\u201d<\/p>\n<p>Luke Charters, chair of the all-party parliamentary group on financial technology, said the bank offers \u201can opportunity to strengthen coordination with European and transatlantic partners while building a lasting legacy of responsible finance, innovation and economic security.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Labour MPs and defense industry representatives have warned that London risks missing out on yet another opportunity to&hellip;\n","protected":false},"author":2,"featured_media":12591,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[3088,6920,6921,17,505,1871,6922,1737,6923,1888,3798,3042,383,1873,111,6924,509,3266,510,897,6925,6926,3295,3533,403],"class_list":{"0":"post-12590","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mark-carney","8":"tag-banks","9":"tag-budget","10":"tag-buildings","11":"tag-canada","12":"tag-cooperation","13":"tag-defense","14":"tag-defense-budgets","15":"tag-finance","16":"tag-financial-technology","17":"tag-germany","18":"tag-industry","19":"tag-innovation","20":"tag-investment","21":"tag-keir-starmer","22":"tag-mark-carney","23":"tag-meg-hillier","24":"tag-negotiations","25":"tag-research","26":"tag-resilience","27":"tag-security","28":"tag-sweden","29":"tag-tanks","30":"tag-the-netherlands","31":"tag-uk","32":"tag-united-kingdom"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/12590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=12590"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/12590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/12591"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=12590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=12590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=12590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}