HM Treasury published a joint statement with the Australian Treasury on Oct. 29, two days after the second UK-Australia Financial Regulatory Forum met.

Politics
The second forum met Oct. 27.

HM Treasury published a joint statement with the Australian Treasury on Oct. 29, two days after the second UK-Australia Financial Regulatory Forum met.
The 1% reduction in capital budgets raises £3 billion, with another £1.7 billion from a Treasury reserve. John Healey says the 2027 review will set out the path to NATO’s 3.5% commitment and a separate 3% target for 2030.
HM Treasury expects the temporary increase to raise £1.5 billion for household and business support as energy bills rise.
The page lists a 19-page Treasury response, a 15-page findings summary and 245 pages of technical annexes. The review followed concerns about discounting raised in 2025.