Defence secretary thought to have won multi-year, above-inflation settlement for Trident and drone technology

Boris Johnson is expected to announce on Thursday that the Ministry of Defence has been awarded a multi-year funding settlement, after it emerged this week that several billions would be cut from the aid budget.

The settlement is expected to last four years and the sums involved are understood to be subject to last-minute negotiation, amid speculation that the defence secretary, Ben Wallace, has secured an above-inflation increase.

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