UK defence companies ready for any spending hike to boost economy post-COVID
As the UK economy reels from the impact of the COVID-19 pandemic and associated lockdown of industry and society at large, a number of UK companies have stated their support for bringing forward defence spending in order to boost the industrial base.
Expectations of a double-digit percentage point drop in the UK’s GDP this year have led to suggestions that spending could be brought forward. Countries such as France and Germany have either brought forward spending or announced significant procurement contracts in recent weeks.
Providing a UK industrial perspective to members of the parliamentary Defence Committee on 23 June, officials
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