Are you watching Streeting? Putin’s war chest to rise to record 35% of state budget by next year as he slashes welfare, education and healthcare to fund 17.1trillion ruble (£154bn) military

Vladimir Putin sent a message to dithering UK ministers last night by increasing Russian defence spending to a record 35 per cent of the Kremlin’s overall budget.

The Russian President, whose invasion of Ukraine has already caused 1.5 million casualties on his own side, could use the war chest to attack Britain.

The record outlay comes as the top ranks of the Labour government procrastinate over when they will sanction desperately needed increases in UK defence spending.

After resigning as Defence Secretary over then Prime Minister Sir Keir Starmer’s failure to confirm defence spending will reach 3 per cent of GDP, one of

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