UK departments told to cut 1% more to plug £4.7bn defence gap

UK Chancellor John Healey has told every government department to find 1% cuts in capital budgets to fill a £4.7bn gap in the Defence Investment Plan. The cuts follow an earlier 1% round. Healey said he would set out next year how Britain will reach defence spending of 3% of GDP by 2030 and 3.5% by 2035.