UK Treasury signals no new money for defense - Sky News
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FILE PHOTO: Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger
(Reuters) - The UK Treasury has signaled that there is no money for defense despite recognizing the urgent need to rearm in the wake of Russia's war in Ukraine, Sky News reported on Sunday citing defense sources.
Britain will be unable to offer as many troops as NATO allies would expect to a major new force structure being drawn up by the alliance to bolster its defenses, the report added.
(Reporting by Lavanya Ahire in Bengaluru; Editing by Lisa Shumaker)
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