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Head of UK armed forces gains new powers in push to improve readiness for war

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John Healey, left, with chief of the defence staff, Admiral Sir Tony Radakin

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The head of the UK’s armed forces will gain fresh powers as the government launches a new military strategy headquarters in the coming weeks to improve Britain’s readiness for war.

Defence secretary John Healey is putting into motion the most radical structural shake-up of the Ministry of Defence in 50 years, as he warns of the growing threat of conflict.

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The reforms aim to streamline processes, cut waste and enable faster delivery within the department, as well as to ensure clearer accountability and boost the use of data and technological innovation.

Healey will place the command of the army, navy, air force and strategic command under the chief of the defence staff, who is head of the UK armed forces, for the first time.

Previously the four-star officers in charge of the individual forces reported directly to the defence secretary instead of the chief of the defence staff, a fellow four-star officer.

The chief of the defence staff — currently Admiral Sir Tony Radakin — will become central to investment decisions including personnel, training and support alongside equipment together with the defence secretary and MoD permanent secretary.

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They will also set the overall direction of the UK’s armed forces, bolstering integration and breaking down silos, as well as reducing duplication.

John Healey, left, with chief of the defence staff, Admiral Sir Tony Radakin
Defence secretary John Healey, left, with chief of the defence staff, Admiral Sir Tony Radakin © Dan Kitwood/Getty Images

The new military strategy HQ is likely to be set up within the MoD’s premises on Whitehall, known as mainbuilding, before the end of this year, in order to be ready to implement the outcome of the government’s strategic defence review that is set to report next spring.

Healey is also launching the recruitment process for a new national armaments director to operate across the department, rather than just one branch, to overhaul procurement and cut waste, following criticism over many years about delays and overspending in MoD equipment programmes.

However, the National Audit Office recently issued rare praise for the MoD over the fast-tracked procurement and distribution of kit to the frontline in Ukraine — successes the ministry hopes to capitalise on.

The new national armaments director will be responsible for ensuring the armed forces are properly equipped to defend Britain. A person with strong links to the defence sector is sought for the role, as they will help shape and deliver a new defence industry strategy to be launched within weeks.

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They will also be expected to oversee the resilience of defence supply chains and the readiness of the national arsenal.

Healey admitted this week that the British military had become “hollowed out”, which he told Politico was due to a lack of investment by the last Tory government.

He said the UK armed forces, like those of other allied nations, were “very skilled and ready to conduct military operations”, but warned: “What we’ve not been ready to do is to fight.” He insisted that fighting readiness was crucial to deterring conflict in the first place.

The defence secretary told the FT: “The world is more dangerous, with growing Russian aggression, conflict in the Middle East and increasing global threats.

“These vital reforms will make UK military decision-making faster, keep the country safer and achieve best value for taxpayers. This government will strengthen UK defence to respond to increasing threats.”

Defence executives said it was important to recognise the role that industry could play in helping to ensure Britain was on a war footing.

Given rising geopolitical tensions the UK required a “proper, empowered” armaments director, said one executive. The conflict in Ukraine had shown that procurement of new equipment needed to be faster, said a second executive.

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“Ever since the end of the cold war, our procurement has prioritised price. Now, time is the priority — can it move fast enough is the question,” said the second executive.

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US business spending shows signs of resilience in September

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Events to look out for on Friday include durable goods data, consumer-goods company results and the latest from the US election campaign trail:

Durable goods: Orders for long-lasting goods like washing machines and aircraft are forecast to have decreased 1 per cent in September after a flat reading in August, according to an LSEG poll of economists.

Consumer companies: Further clues on the resilience of shoppers in the US and around the world will be revealed when consumer-facing companies report this morning. These include toothpaste maker Colgate-Palmolive and Sharpie pen maker Newell Brands.

US election: Vice-president Kamala Harris will hold a rally in Houston, Texas, where global pop star Beyoncé is expected to appear. Meanwhile, former president Donald Trump will hold a rally in the swing state of Michigan.

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US consumer sentiment: The University of Michigan’s consumer sentiment index is forecast to report a final reading of 69 in October, down from September’s 70.1. 

Fedspeak: Federal Reserve Bank of Boston president Susan Collins will participate in a fireside chat before the Black Economic Council of Massachusetts Black Expo.

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Podcast: Are people doing enough to protect themselves from scams?

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Podcast: Are people doing enough to protect themselves from scams?

In this Weekend Essay episode, Momodou Musa Touray explores the growing issue of scams. With more people falling victim to fraud every day, he shares personal stories and alarming statistics, illustrating the point that scams can ensnare even the savviest individuals.

As Scams Awareness Week comes to a close, it’s time to examine how prepared we really are. Are you doing enough to guard against these threats? Tune in to find out!

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Chapel Down shares plunge after winemaker pulls back on sale plans

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Chapel Down shares plunge after winemaker pulls back on sale plans

England’s largest producer says it will remain independent and also downgrades sales guidance

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Areas handing out up to £125 free cash to parents for food over half term – can you get help?

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Areas handing out up to £125 free cash to parents for food over half term - can you get help?

THOUSANDS of parents can get free cash worth up to £125 to cover the cost of food this half term.

The help comes via the latest round of the Household Support Fund which is worth £421million.

Parents with children on free school meals can get food vouchers

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Parents with children on free school meals can get food vouchersCredit: Getty

The fund has been shared by the Department for Work and Pensions between councils across England.

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They have until the end of March next year to distribute their share of the cash.

Each local authority gets to decide who to give help to, and what type of help to offer.

Some are paying people money direct into their bank accounts while others are handing out energy vouchers.

But some are also handing out food vouchers to families in need over the coming months, including this half term.

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Here are all the councils giving out help to hard up parents.

West Berkshire Council

West Berkshire Council is distributing a swathe of support to thousands of residents in need.

It is giving eligible households direct cash payments worth up to £300 as well as cash payments to pensioners.

It is also sharing £189,000 between 4,200 young children via free school meal vouchers, meaning each child on average will get £45 in vouchers.

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Eligible children will receive three weeks’s worth of vouchers from their school to cover the Christmas holiday period and February half term next year.

Reading Borough Council

Nearby Reading Borough Council is handing out food vouchers to families whose children are on free school meals or pupil premium.

Around 3,900 households are expected to receive the vouchers, which will be sent from December and are worth £125.

Councillor Ellie Emberson, lead for corporate services and resources, said: “The Council has designed a local package of support which directs this invaluable funding to households in Reading who will most need it this winter, which again includes families claiming pupil premium free school meals, care leavers and pensioners.”

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Devon Council

Devon Council, in the South-West of England, has been given £5million to share among hard-up households.

It is using part of the multi-million pound share to carry on giving children eligible for free school meals holiday vouchers to cover school half term breaks.

The food vouchers will be distributed by schools to 22,000 pupils to spend during this half term, Christmas and February half terms.

Hackney Council

Hackney Council is also distributing food vouchers to households in need over school half terms between now and next March.

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The London authority said children eligible for free school meals in state-funded primary and secondary schools will qualify for the vouchers.

If you fall into this category but don’t receive any vouchers, Hackney Council said to contact your child’s school.

Warwickshire Council

Warwickshire Council is offering out support to families with children eligible for free school meals.

The help will come in the form of vouchers although details are limited at the minute.

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The best thing to do if you live in the area and your child is on free school meals is contact their school or the council.

What about if I don’t live in these areas?

You might not be able to get school vouchers if you live outside these areas, but you may be eligible for other help.

Each council across England has been allocated a share from the £421million HSF pot.

But each local authority gets to decide its own eligibility criteria.

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That means what you are entitled to will vary depending on where you live.

Not all councils have decided what they will do with their share of the £421million yet either.

The best thing to do is contact your local authority to see if any help is currently on offer.

Household Support Fund explained

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Sun Savers Editor Lana Clements explains what you need to know about the Household Support Fund.

If you’re battling to afford energy and water bills, food or other essential items and services, the Household Support Fund can act as a vital lifeline.

The financial support is a little-known way for struggling families to get extra help with the cost of living.

Every council in England has been given a share of £421million cash by the government to distribute to local low income households.

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Each local authority chooses how to pass on the support. Some offer vouchers whereas others give direct cash payments.

In many instances, the value of support is worth hundreds of pounds to individual families.

Just as the support varies between councils, so does the criteria for qualifying.

Many councils offer the help to households on selected benefits or they may base help on the level of household income.

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The key is to get in touch with your local authority to see exactly what support is on offer.

And don’t delay, the scheme has been extended until April 2025 but your council may dish out their share of the Household Support Fund before this date.

Once the cash is gone, you may find they cannot provide any extra help so it’s crucial you apply as soon as possible.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

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Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

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Close Brothers shares drop on motor finance court ruling

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Close Brothers shares drop on motor finance court ruling

Court of Appeal sides with consumers over commissions paid to dealerships on car finance loans

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Should investors fear the ‘October effect’?

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Should investors fear the ‘October effect’?

Dubbed the ‘greatest humourist the United States has produced’, Samuel Langhorne Clemens, known better by his pen name Mark Twain, is probably best known for the characters of Tom Sawyer and Huckleberry Finn.

For investors, it’s one of Twain’s lesser-known creations, Pudd’nhead Wilson, the titular character who gives his view on the month of October when investing:

“October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”

Although Twain’s views on the stock market are meant to be sarcastic, they do in fact have a ring of truth to them. Since the beginning of the 20th century, plenty of market cycles have seen a dip in performance during this month.

The idea could have gained traction after the great Banking Panic of 1907, an event that led to multiple bank runs and heavy selling at the US stock exchange. All that prevented a serious financial crash was the work of a banking consortium to provide major funding to New York itself, during what was a notoriously cold October in the Big Apple.

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The stock market crash that led to the US Great Depression of 1929 – a financial disaster on an unparalleled scale – began on 24 October, Black Thursday, with the market losing 11% of its value in frantic trading. Black Tuesday occurred the following week, seeing a loss of over 23% in just two days.

The black days of October have continued in more recent times, with Black Monday in 1987. On 16 October that year, all markets closed in London due to adverse weather but, after they re-opened, the speed of the crash accelerated. By midday, the UK blue chip index had dropped by 14% and a further 11% the following day – some of the largest losses on record.

Domestic stocks then continued to fall, albeit at a less precipitous rate, reaching a trough in mid-November at 36% below their pre-crash peak, not recovering until 1989.

Although October has had its fair share of market mishaps over the years, it’s interesting to note the month has historically heralded the end of more bear markets than the beginning. In fact, October gets a poor rap when considering most investors have probably lived through a range of highly volatile months.

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The fact of the matter is that terrible market events do not all cluster in one particular month. If they did, it would make an investor’s job that much easier.

Maybe it’s Mark Twain’s fault, maybe it’s just investor psychology but, October, despite hosting Halloween, should be no scarier for investors than any other month of the year.

Perhaps it’s just a difference in lexicon between the British and our American cousins. After all, anyone from North America will tell you with glee that October hails the start of the fall – just not necessarily for financial markets.

Of course, despite volatility and extreme market events, investing over the long term remains a tried-and-tested route for investors and good outcomes.

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Thomas Watts is senior investment analyst on Abrdn’s MPS team

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