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Financial Times • June 12, 2026 17:08

European defence stocks retreat on lower spending and higher wrangling

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Resignation of UK defence secretary shows some governments will struggle to find the money

Story Timeline

Wed 13:25 - BBC Politics

Starmer dithering over defence spending, says Badenoch

Thu 11:24 - Al Jazeera English

Britain’s defence ⁠secretary Healey quits over defence spending

Thu 13:19 - BBC Politics

Healey resigns as defence secretary amid military spending row

Thu 13:21 - Euronews

UK defence secretary resigns with stinging attack on Keir Starmer's military spending plans

Thu 14:13 - DW

UK: Defense Secretary John Healey quits in military spending dispute

Thu 14:13 - DW All

UK: Defense Secretary John Healey quits in military spending dispute

Thu 14:13 - DW Top

UK: Defense Secretary John Healey quits in military spending dispute

Thu 14:13 - DW World

UK: Defense Secretary John Healey quits in military spending dispute

Thu 16:42 - BBC Headlines

Why defence funding deal offered to Healey wasn't enough to keep him

Thu 21:00 - Fox News

Starmer in 'seismic' crisis, UK defense chief quits before high-stakes Trump NATO summit

Fri 03:42 - BBC Politics

Armed forces minister quits after Healey exit as defence funding row deepens

Fri 09:41 - BBC Politics

PM needs to make 'bold' decisions on defence spending, says Carns

Fri 10:00 - Fox News

Top US ally's defense chief quits, warns military lacks resources for rising threats

Fri 10:08 - Politico EU

Britain’s defense spending plans in chaos as NATO summit looms

Fri 13:59 - BBC Politics

I have a duty to stay on, says PM as he justifies defence spending decisions

Fri 14:46 - BBC Politics

Defence row exposes tensions over how to keep UK safe

Fri 17:08 - Financial Times

European defence stocks retreat on lower spending and higher wrangling

Fri 18:45 - France 24

Former Tory MP and military officer on Keir Starmer's 'rope-a-dope' week

Different Perspectives

Al Jazeera English

1 article

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11:24

Britain’s defence ⁠secretary Healey quits over defence spending

John Healey's resignation deepens Starmer's crisis as defence secretary quits over military spending dispute.

BBC Headlines

1 article

▼

16:42

Why defence funding deal offered to Healey wasn't enough to keep him

The defence secretary was pressing the prime minister for a larger increase in defence spending than he was offered, the BBC understands.

BBC Politics

6 articles

▼

14:46

Defence row exposes tensions over how to keep UK safe

Ex-Defence Secretary John Healey has said the defence investment plan is "well short of what is required".

13:59

I have a duty to stay on, says PM as he justifies defence spending decisions

Sir Keir Starmer argues he has made "hard-edged" decisions, one day after his defence secretary quit in a row over money.

09:41

PM needs to make 'bold' decisions on defence spending, says Carns

Al Carns quit as the armed forces minister in a row over defence spending, hours after John Healey also quit as defence secretary.

03:42

Armed forces minister quits after Healey exit as defence funding row deepens

Al Carns says the military isn't "sufficiently funded", as Dan Jarvis becomes the new defence secretary.

13:19

Healey resigns as defence secretary amid military spending row

The cabinet minister says funding for a new defence investment plan "falls well short of what is required".

13:25

Starmer dithering over defence spending, says Badenoch

The clash at PMQs comes amid a cabinet battle over how a military investment plan will be funded.

DW

1 article

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14:13

UK: Defense Secretary John Healey quits in military spending dispute

Britain's defense minister has abruptly quit his post, saying the government's plans to bolster defense spending in the coming years are inadequate. This could prove a further source of pressure …

DW All

1 article

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14:13

UK: Defense Secretary John Healey quits in military spending dispute

Britain's defense minister has abruptly quit his post, saying the government's plans to bolster defense spending in the coming years are inadequate. This could prove a further source of pressure …

DW Top

1 article

▼

14:13

UK: Defense Secretary John Healey quits in military spending dispute

Britain's defense minister has abruptly quit his post, saying the government's plans to bolster defense spending in the coming years are inadequate. This could prove a further source of pressure …

DW World

1 article

▼

14:13

UK: Defense Secretary John Healey quits in military spending dispute

Britain's defense minister has abruptly quit his post, saying the government's plans to bolster defense spending in the coming years are inadequate. This could prove a further source of pressure …

Euronews

1 article

▼

13:21

UK defence secretary resigns with stinging attack on Keir Starmer's military spending plans

The Defence Investment Plan has faced repeated delays despite warnings that the UK's armed forces face a major funding gap.

Fox News

2 articles

▼

10:00

Top US ally's defense chief quits, warns military lacks resources for rising threats

John Healey resigned, accusing Prime Minister Keir Starmer's government of failing to adequately fund the military amid rising Russian threats.

21:00

Starmer in 'seismic' crisis, UK defense chief quits before high-stakes Trump NATO summit

U.K. Defense Secretary John Healey resigned over a Cabinet dispute with PM Starmer on military spending weeks before the NATO summit in Ankara.

France 24

1 article

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18:45

Former Tory MP and military officer on Keir Starmer's 'rope-a-dope' week

The British prime minister is once again fighting for his political survival, on the back foot after his defence secretary and defence minister quit the government over complaints of a …

Politico EU

1 article

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10:08

Britain’s defense spending plans in chaos as NATO summit looms

The U.K.'s military spending plans are in tatters just weeks before a key NATO summit.