Business
Streeting denies 'kicking can down the road' in defence spending row
The government is under pressure to set out a path to greater defence spending, as ministers unveil plans to boost UK firms.
BBC Business•
Defence Secretary Wes Streeting has denied "kicking the can down the road" over how much the UK spends on defence.
The government has faced criticism for not setting out a pathway at Wednesday's Budget to hit its target of spending 3% of GDP on defence by 2030.
It comes as Chancellor John Healey and Streeting announce that foreign firms which are awarded defence contacts of more than £50m will need to invest an equal value back into the UK.
He praised the government for plugging a £4.7bn hole in the Defence Investment Plan in the Budget, through asking government departments to cut their capital budgets by 1%.