What Happened
Businesses Warn Of Overreliance On Imported Technology Without Clear Procurement
UK businesses are warning that they risk missing out on the benefits of increased defence spending unless the Government speeds up procurement and provides clearer long-term contracts. According to a Barclays Business Prosperity research, four in 10 businesses believe unclear defence contracts and procurement timelines could increase the UK’s reliance on imported technology. The findings suggest that businesses back higher defence spending but have less faith that it will translate into domestic investment, manufacturing, and jobs. This was reported by Barclays.