Uk Defence Sector Needs Pounds 2bn a Year

Summary


THE government risks pushing the country's defence industry into an 'irreversible' decline unless it increases spending on military equipment by Pounds 2bn a year, according to the Defence Industries Council.

An industry-commissioned report by respected think-tank Oxford Economics reveals the makers of Britain's tanks, aircraft and warships employ 300,000 people and earn Pounds 5bn in export sales each year.

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Uk Defence Sector Needs Pounds 2bn a Year

Mike Turner, former BAE Systems chief ...

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