Farnborough 2018: Brexit bad news for UK defence growth
The UK’s lack of strategy surrounding Brexit could be impacting the defence sector’s annual turnover if figures released by the ADS Group are anything to go by.
The group reported an annual turnover of £23 billion in 2016, this decreased to £22.1 billion in 2017. This raises potential issues over the UK as an investment spot for aerospace and defence companies.
In comparison, in 2015 the defence sector experienced a high of a £24 billion turnover. Since Brexit has entered the political discourse there has been a year on year decline of around £1 billion in the defence sector's annual
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