Streeting warns against ‘expensive’ pledges in Labour leadership contest and defends bond markets – UK politics live

Leadership hopeful voices thinly-veiled criticism of Andy Burnham during speech on ‘progressive capitalism’Speaking to reporters at the G7, Keir Starmer also defended the defence investment plan (DIP) draft that led to John Healey’s resignation as defence secretary last week. Starmer confirmed that Dan Jarvis, the new defence secretary, is getting some input before the publication of the DIP in its final version.Starmer said:The position on investment in defence is firstly that we increased last year defence spending from 2.3% to 2.6%, that’s the biggest increase since the 1980s, and that means £270bn will be spent this parliament on defence.On top