The defence industry can’t wait for the government to find its courage

cityam

Apr 13

John Healey confirmed UK forces are actively intercepting Iranian drones The government slips from one deadline to another and insists all is well. But the damage is already being done, to our ...

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But the damage is already being done, to our ...</p>\n\n<a href=\"https://www.cityam.com/the-defence-industry-cant-wait-for-the-government-to-find-its-courage/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The defence industry can’t wait for the government to find its courage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe defence industry can’t wait for the government to find its courage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-13 19:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/the-defence-industry-cant-wait-for-the-government-to-find-its-courage/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>John Healey confirmed UK forces are actively intercepting Iranian drones The government slips from one deadline to another and insists all is well. But the damage is already being done, to our ...</p>\n\n<a href=\"https://www.cityam.com/the-defence-industry-cant-wait-for-the-government-to-find-its-courage/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ITA","symbol_name":"iShares Dow Jones U.S. Aerospace","start_time":0,"source_url":"https://www.cityam.com/the-defence-industry-cant-wait-for-the-government-to-find-its-courage/","article_id":"2627043787","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/02/GettyImages-2175364945-e1740133089386.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/the-defence-industry-cant-wait-for-the-government-to-find-its-courage/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2627043787","pubTimestamp":1776078098,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"At the heart of this, though, is a multi-faceted problem. The increased defence spending is too little, it is too slow, the government is unresponsive and in denial, and some ministers genuinely seem to struggle to differentiate between announcing that something will happen, and it actually taking place. Meanwhile, the defence industry, with some of the best manufacturers in the world, waits impatiently but impotently.Get weekly sparky insight and expert commentary on markets, entrepreneurship and innovation from CityAM’s Opinion Editor, delivered every Saturday.The detailed spending plans flowing from last summer’s Strategic Defence Review will be set out in the Defence Investment Plan. It was due to be published last autumn, but has still not appeared. It now seems unlikely to appear before May, perhaps later, and one rumour suggested it might never be made fully public. It was also suggested, astonishingly, that officials had not allowed the Armed Forces Minister, Al Carns, to see t","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ITA":"iShares Dow Jones U.S. Aerospace","BK4588":"碎股","BK4585":"ETF&股票定投概念","GVA":"花岗岩建筑","BK4129":"建筑与工程"},"translate_title":"国防工业迫不及待地等待政府找到勇气","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GVA":1,"ITA":1.5},"content_text":"John Healey confirmed UK forces are actively intercepting Iranian drones The government slips from one deadline to another and insists all is well. But the damage is already being done, to our industrial base, our capabilities and our reputation, says Eliot WilsonSir Keir Starmer’s government cannot be blamed for all the shortcomings in Britain’s defence posture and capabilities, the roots of which can be found in the eager dash for the “peace dividend” in the 1990s. Every administration has to deal with the political, financial and economic circumstances it inherits, but each also has a clear choice: to improve the situation or exacerbate it. Labour is making things worse, and the defence industry is paying the price.The UK’s defence sector is hugely important. Its gross value added (GVA) was £15bn in 2024 and it directly employs 181,500 people; these figures rise further if you factor in the security and resilience sector (£11.7bn GVA), while aerospace and space companies also make a valuable contribution. The UK is home to BAE Systems, the sixth-largest defence company in the world, as well as Rolls Royce, Babcock International and QinetiQ, while major international players like Lockheed Martin, Leonardo, Rheinmetall and Thales have a significant presence.The government knows all this. Ministers have said that the defence industry is central to their decision-making, and the Prime Minister has promised an economic “defence dividend” as spending rises. Last September it published a Defence Industrial Strategy entitled “Making Defence an Engine for Growth”. Scarcely a day can go by without Defence Secretary John Healey referring to “the largest sustained increase in defence spending since the end of the Cold War”.\n\nAt the heart of this, though, is a multi-faceted problem. The increased defence spending is too little, it is too slow, the government is unresponsive and in denial, and some ministers genuinely seem to struggle to differentiate between announcing that something will happen, and it actually taking place. Meanwhile, the defence industry, with some of the best manufacturers in the world, waits impatiently but impotently.\n\n\n\n\n\n\nFree Thinking - City AM Opinion Newsletter\nGet weekly sparky insight and expert commentary on markets, entrepreneurship and innovation from City AM’s Opinion Editor, delivered every Saturday.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe detailed spending plans flowing from last summer’s Strategic Defence Review will be set out in the Defence Investment Plan. It was due to be published last autumn, but has still not appeared. It now seems unlikely to appear before May, perhaps later, and one rumour suggested it might never be made fully public. It was also suggested, astonishingly, that officials had not allowed the Armed Forces Minister, Al Carns, to see the plan. All the government can say is that it is “working flat out” on the document. Clearly, that is not good enough.DelaysNow we discover that another critical part of the SDR, the Defence Readiness Bill, has been postponed until 2027 at the earliest. This legislation, which ministers promised “at the beginning of 2026”, will require key industries to prepare their workforces for a conflict, allow the designation of critical national infrastructure like energy networks and railways as military priorities and give the government powers to increase the Reserves. Similar measures are already being taken in Germany, France, Poland, Finland and elsewhere. Britain, meanwhile, dithers.\nThe defence sector is not like other industries. There is a much more circumscribed customer base – no matter how prevalent shoplifting has become, Primark is not in the market for tanks – and industry needs a steer on where it should focus its capacity\nThe defence sector is not like other industries. There is a much more circumscribed customer base – no matter how prevalent shoplifting has become, Primark is not in the market for tanks – and industry needs a steer on where it should focus its capacity. Will the government priortise the replenishment of ammunition stocks, or invest in new drone technology? Is the Global Combat Air Programme, which will deliver what the RAF will call the Typhoon, going ahead, as ministers claim, or facing delays or even cancellation, as the UK’s international partners in the project, Italy and Japan, fear?","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}