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“A string of other challenging decisions, including when the UK should be aiming to spend 3% of GDP on defence, is expected to be delayed until a big spending review at some point next year.”

““Elevated yields are inflating the interest bill at a time of tight budget constraints and competing spending priorities, including defence,””

“The Chancellor is under huge pressure with markets driving up UK borrowing costs and Labour promising a host of other big-spending policies.”

“Australia’s gen Z are the generation most willing to cut their spending way back to afford a home, according to Cotality data reported by AAP.”

“Russ Mould, investment director for AJ Bell, said: "The company is a major supplier to UK and US submarine programmes and has also benefited from bumper defence spending across other parts of its business.”