Sell war bonds to ready UK for 'new kind of threat' posed by Russia

LIBERAL Democrat leader Sir Ed Davey has called on the Government to sell war bonds to ready the country to face a “new kind of threat” from Vladimir Putin alongside a US which is “no longer a reliable ally”.

- Sir Ed Davey

Sir Ed urged a step-change in the speed of UK rearmament and said the Government should ask the British public to buy war bonds to raise £20billion for defence spending.

His party suggests the bonds should be sold for two years to help the Government achieve its goal of boosting defence spending to 3% of GDP by 2030 - four years earlier than its current target.

He told the BBC's Sunday With Laura Kuenssberg: "Vladimir Putin poses a new kind of threat and that's why the Liberal Democrats have argued that we need to increase defence spending.