The Ministry of Defence will benefit from an extra £800 million in the next financial year, the Chancellor and Defence Secretary have confirmed. This includes access to £600 million from the Dreadnought contingency, announced in 2015, and will ensure that the UK’s new world-class nuclear submarines are delivered on time and within ...
Following Phillip Hammond’s budget announcement today, we take a look at the affect it will have on the defence and security industry. Speaking at the weekend, the Chancellor said he was opting for a cautious budget, keeping “reserves in the tank” for post Brexit, and today hailed a British economy that ...