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Starmer set to call for multinational defence initiative to cut rearmament cost, FT reports

Starmer urges Britain and allies to jointly procure weapons to reduce costs and strengthen European defense amid concerns over Russia and U.S. commitments, officials said.

  • At the Munich Security Conference, Starmer will propose a multinational defence initiative to oversee joint weapons procurement, as reported on Friday by the Financial Times.
  • Earlier this month, the European Commission is considering a second edition of its SAFE loans scheme as Europe seeks to bolster defences amid fears of Russia and doubts about U.S. commitments, and Starmer said he would consider applying to join such a fund.
  • Downing Street announced meetings on Friday with German Chancellor Friedrich Merz and French President Emmanuel Macron, as Starmer will press for closer defence cooperation across the three-day Munich Security Conference.
  • If taken up, the plan could influence European Commission debates on a second SAFE loans scheme and reshape post-Brexit defence funding dynamics after the November SAFE breakdown involving the 150 billion-euro plan.
  • Against calls to bolster European defence, the Financial Times reported the plan on Friday as the Munich Security Conference convenes.
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Lean Left

The British Prime Minister's speech today at the Munich Conference: "Europe is a sleeping giant: less dependence on the US, a European NATO is needed. The extreme right and left want to bring back the darkness in Europe: we will not allow it"

·Turin, Italy
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Market Screener broke the news in on Friday, February 13, 2026.
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