Multilateral Defence Mechanism

Money Moves

UK-led, with Poland, Netherlands and Finland as partners; treaty negotiations to begin after the October 28 Budget

Britain will not join the Canada-led Defence, Security and Resilience Bank (DSRB), ending talks to merge the two countries' defence financing efforts. Reuters reported the sides could not agree on the bank's headquarters, the level of joint procurement, lending to members, or rules for new members.

Updated Oct 29