Rachel Reeves has pledged the long-awaited Defence Investment Plan will be released before the NATO summit opens in Ankara on 7 July, amid political turbulence at the top of government and mounting pressure from industry and military leaders for adequate funding. Chancellor Rachel Reeves has confirmed that the UK’s Defence Investment ...
A written Commons question has forced the Government to address the impact of the UK’s incoming 50% steel tariff on a quietly critical piece of sovereign defence capability: ball bearings. The Department for Business and Trade response confirms extensive industry engagement but stops short of a specific impact assessment – ...
Defence Secretary Dan Jarvis MBE has announced a £752 million package to deliver 150,000 drones and more than 350 air defence missiles and radars to Ukraine by the end of 2026, funded through the UK’s Extraordinary Revenue Acceleration (ERA) loan backed by immobilised Russian sovereign assets. The package is notable for ...
New research from Barclays paints a clear picture of where the UK innovation economy is heading: towards defence. More than half of UK tech and innovation firms (57%) are now targeting defence and national security markets, with 62% actively adapting their products and services to meet sector requirements. Defence-focused businesses ...
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