Keir Starmer called on the increase in defense spending to revive Britain’s production

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Sir Keir Starmer should use British production and expanding Britain’s defense spending to expand local supply chains, the head of the UK main production lobby group.

Stephen Phipson, CEO UkTo increase the GDP 2.5 percent of the Prime Minister to increase defense costs, the position of Great Britain was the opportunity to cement as a global leader in weapons.

“We must start capitalizing our research and innovation opportunities to make sure the future of the defense sector continues to go to the future for years,” he said.

Phipson added that there was also necessary to provide small enterprises that benefit from the expenditure collateral in “Defense Procurement.” This increase It is financed by reducing the development budget abroad.

On Tuesday, Chancellor Rachel Reeves plans to facilitate the government to flush red tape for new defense agreements and benefit from increasing costs for small enterprises.

Plans will be focused on evaluating the “single source” agreements that are rewarded without a competition to join for about 30 pounds by British companies.

“All stripes were killed and stuck in the conference,” Reeves said the decisions to burn the country’s industry base to burn the country’s industry base and keep the country safe.

Government declared On Monday, small and medium enterprises (SMEs), the Defense Ministry plans to start a center that provides better access to defense supply chains along with defense costs in June.

In a defensive career, which hosted by Downing Street on Monday, the Starmer, the industrial strategy, supported new technologies, supporting new technologies, and “Bae Systems and some basic suppliers like Bae Systems and Airbus,” he said.

About 70 percent of England’s defense spending goes to businesses outside London, according to government officials, only 4 percent went to 12,000 SME serving this sector. The MOD was 20.8 billion pounds of the British industry in 2023-24.

Kevin Craven, the CEO of advertising, the Aerospace Industry Trade Group representing the 1100 SME, applauded the government’s announcement, the group’s defense procurement barriers were “acute knowledge”.

The United Kingdom and the EU are under pressure to increase the cost of European security in Washington and the potential peace agreement for the end of the war in Ukraine.

This Stock prices He predicted that Europe’s defense sector would have to be able to shoulder a larger burden of security expenditures on Monday.

Defense is one of the eight “high growth” sectors that benefit from temporary catalytic state support in the industrial strategy of England, which is broadcast in spring.

The rapid reconstruction of the government is declared on Sunday reveves that will be available to invest in the Defense Industry of the Wealth Fund of 27.8 billion pounds.

Earlier, called the British Infrastructure Bank, initially focused on the extensive investment in the infrastructure with emphasis on heavy areas such as steel.

A Whitehall Insider said that new money flowing to the defense will be placed to increase an existing industrial strategy.

“The room will be outside the country (formal development assistance) will be outside the country now. It was money flowing directly to the economy, but now it will be.”

In the United States, the Balkanized feature of defense purchases in Europe with 173 weapons systems compared to 33rd – Phipson, England’s competitive weapons industry and European consolidation was “best placed.”

However, Phipson was inconvenient for the energy prices for 50 percent more expensive and the United States in Europe and the effect of higher taxes in the last budget.

The UK survey found that 48 percent of the company’s employers were hired as a result of the increase in the national insurance contributions of employers.

Additional Report by Sylvia Pfeifer