Politics · 4 hours ago
Foreign Defence Firms Must Invest in UK to Win Big Contracts
Harland Quarrington/MOD, OGL v1.0, via Wikimedia Commons
Overseas companies winning new UK defence contracts worth more than £50m will have to put an equal amount back into Britain, Defence Secretary Wes Streeting has announced. The money must go into British factories, jobs and training. The Ministry of Defence will apply the rules case by case from April 2027, as ministers face pressure over their target of spending 3% of GDP on defence.
Reported by BBC News · How we write briefs