A change of Prime Minister is rarely good news for anyone trying to plan against a long-term spending commitment. So when Andy Burnham took over as Prime Minister this month following Keir Starmer’s departure, and then appointed John Healey as his Chancellor of the Exchequer, defence suppliers were right to sit up and take notice. Healey isn’t just any Chancellor. He’s the man who, until six weeks earlier, was Defence Secretary and one of the most consistent advocates for a fully funded Defence Investment Plan (DIP). For an industry that has just spent a month digesting a £298 billion, four-year…
