Foreign firms awarded large defence contracts will need to invest in the UK under new rules
Summary
A new policy is to apply to large overseas defence contracts in a bid to secure UK jobs, the Evening Standard and The Independent reported on Friday 30 October, the Chancellor and the Defence Secretary having announced the policy on a visit to BAE Systems in Glasgow. Foreign firms awarded large defence contracts will need to invest an equal value back into the UK, Wes Streeting announced, according to BBC News.
Latest: Foreign firms awarded large defence contracts will need to invest an equal value back into the UK under new rules, the Chancellor and Defence Secretary Wes Streeting announcing the policy on a visit to BAE Systems in Glasgow in a bid to secure UK jobs, the Evening Standard, The Independent and BBC News reported.
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How it unfolded
Friday 30 October
Foreign firms awarded large defence contracts will need to invest an equal value back into the UK under new rules, the Chancellor and Defence Secretary Wes Streeting announcing the policy on a visit to BAE Systems in Glasgow in a bid to secure UK jobs, the Evening Standard, The Independent and BBC News reported.
Thursday 29 October
- 20:10The Independent New policy to apply to large overseas defence contracts in bid to secure UK jobs
- 20:01Evening Standard New policy to apply to large overseas defence contracts in bid to secure UK jobs