The Week | 11th March 2017
BRITAIN'S ARMS BAZAAR: BLOOD, WAR AND PROFITS
The UK is the world’s sixth-biggest arms exporting nation, according to the
respected Stockholm International Peace Research Institute, which puts it behind the US, Russia, China, France and Germany. However, the Government’s own figures from last year suggest that, in cash terms, only the US exported more weapons over the past decade. Britain’s defence and security sector had a turnover of £33bn in 2015, and exports of about £12bn. That it has grown so big is partly because the Ministry of Defence is one of the world’s big spenders on defence, behind only the US, China, Saudi Arabia and Russia. The ministry funnels a lot of its spending into the UK’s defence industry, which is in many respects a world leader: companies range from giants such as BAE Systems, formerly British Aerospace, and Rolls-Royce (which makes engines for military aircraft), to small businesses scattered across the entire country.
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Articles in this issue
Below is a selection of articles in The Week 11th March 2017.