What Happened
Businesses Warn Of Overreliance On Imported Defence Technology
UK businesses are warning that they risk missing out on the benefits of increased defence spending unless the Government speeds up procurement, according to new research from Barclays. The findings show that four in 10 businesses fear the country could become more reliant on imported defence technology without clearer long-term contracts and procurement timelines. Nearly two-thirds of businesses want at least half of increased defence spending to go to companies operating and investing in the UK. The research was conducted by Focaldata on behalf of Barclays and surveyed 1,036 UK business decision-makers, as reported by WebWire.