Budget reaction from UK aerospace, defense & security industry, A|D|S
Release Date: 2010-03-24
A|D|S, the trade organisation representing the UK's world-leading, high-technology, high-skilled AeroSpace, Defence and Security industries, commented Wednesday on the Chancellor of the Exchequer Alistair Darling's Budget speech to the House of CommonsIan Godden, Chairman of A|D|S, said:
“We welcome the Chancellor's focus on recovering from recession and investing in our industrial future, especially his focus on encouraging exports, supporting trade and discouraging protectionism as well as his warm words for advanced manufacturing, especially aerospace. His recognition that economic growth is the key to our recovery and reducing borrowing is encouraging and the sectors that we represent can deliver the goods in this regard.
The British aerospace, defence and security sectors are number one in Europe and second only to the US globally. They can deliver on the Chancellor's aim to generate long-term prosperity for Britain. There is considerable room for growth in the export markets for these successful sectors that would contribute to the recovery from recession and deliver a sustainable industrial future with many additional jobs. For example a recent study by Oxford Economics has shown that an additional Government investment of £100m in defence would deliver an output of £227m. That investment would also bring about an estimated additional 1,885 jobs.
We will shortly be publishing manifestos for each of the four world-leading sectors that we represent to demonstrate to the political parties in the run-up to the General Election what we can deliver for the country in terms of jobs and added value to the economy providing current and future Governments deliver the correct climate in which they can prosper.”
| Type: | NORMAL |
| Company: | A|D|S |
| Country: | United Kingdom |