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by 11 of the 31 members of the alliance. uk prime minister rishi sunak is expected to urge nato allies to learn the lessons from russia s invasion of ukraine and invest more in defence. joining me now is hugo brennan, research director at the risk intelligence company verisk maplecroft. good morning to you, hugo. so, just talk us through the level of defence spending going on at the moment. because this has been a contentious issue for years within nato, hasn t it? it very much has been, yeah. i mean, the first thing to say is the question of who foots the bill to pay for the alliance? as you say, that s long been a question mark. you ll remember back to 2019, when donald trump made it very much top of the agenda. and again, it s going to be in this latest nato summit. as you said, we re expecting some sort of agreement that will make it a requirement for nato member states to spend at least 2% of their gdp on defence spending, which would build on that 2014 agreement ....
No. 1focus delivering sound money is our no. 1 focus delivering sound money is our no. 1focus that means delivering sound money is our no. 1 focus that means taking responsible decisions on public finances, including public sector pay, because more borrowing itself is inflationary. it means recognising that bringing down inflation puts more money into people s pockets than any tax cut, and it means recognising that there can be no sustainable growth without eliminating the inflation that deters investment and erodes consumer confidence. let s speak now to janet mui head of market analysis at rbc brewin dolphin. this is the city of london audience listening to the chancellor there and also, of course, the governor of the bank of england. both of them joined forces to call for wage restraint. is the audience listening? restraint. is the audience listenin: ? ., listening? hi. good morning, sall . listening? hi. good morning, sally. thanks listening? hi. good morning, sally. tha ....