‘Britain could soon lose control of its defence industry’ – expert Q&A
- Written by Keith Hartley, Emeritus Professor of Economics, University of York
Miltary spending is surging in the face of heightened geopolitical tensions. The UK plans to hike its defence spending to 2.5% of GDP by 2030, amounting to £87 billion a year. This is an increase from around 2.3% today, which Prime Minister Rishi Sunak has said is necessary in an “increasingly dangerous” world.
It comes at the...