'Treasure' or 'Blood': Former Defence Secretary Penny Mordaunt on Britain Re-Arming

Former UK Defence Secretary Penny Mordaunt says if the UK and Europe fail on military spending and rearmament now "we will face war".Mordaunt tells Bloomberg Radio anchor Caroline Hepker that there is a logic to President Trump's drive for peace in Ukraine but the pressure is now on him to deliver a ceasefire.See omnystudio.com/listener for privacy information.

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Bloomberg's Caroline Hepker, Stephen Carroll, Yuan Potts and Lizzy Burden have your daily guide to British politics. We'll tell you what's happening and explain why it matters.