United Kingdom Defence and Security Report 2016 - Business Monitor International - Industry Reports

United Kingdom Defence and Security Report 2016

United Kingdom Defence and Security Report 2016 - Business Monitor International - Industry Reports
United Kingdom Defence and Security Report 2016
Published Aug 30, 2016
48 pages — Published Aug 30, 2016
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Abstract:

Following the UK public s vote to leave the EU on June --, our Country Risk (CR) team has downgraded its real GDP growth forecast for the UK in ---- and ---- to -.- and -.- respectively, from -.- and -.- previously - significantly below the forecasts used as a basis for the Ministry of Defence (MoD) s spending review. Consequently, we believe it is likely that the MoD will need to adjust its -.- real growth target for defence spending in the period to ----. ...The Spending Review ----, released in November last year, envisions -.- real growth in UK defence expenditure out to FY----/----. The planned increase marks a shift from the previous years of targeted spending cuts, amid rising security threats from Russian aggression, Islamist terrorism, extremism, cybercrime, as well as the challenges brought on by the migrant crisis. However, following the UK public s vote to leave the EU on June -- ----, our CR team has downgraded its real GDP growth forecast for the UK in ---- and ---- to -.- and -.- respectively, from -.- and -.- ...The planned increase marks a shift from the previous years of targeted spending cuts, amid rising security threats from Russian aggression, Islamist terrorism, extremism, cybercrime, as well as the challenges brought on by the migrant crisis. However, following the UK public s vote to leave the EU on June -- ----, our CR team has downgraded its real GDP growth forecast for the UK in ---- and ---- to -.- and -.- respectively, from -.- and -.-

...Following the Brexit vote, our Country Risk (CR) team has downgraded its real GDP growth forecast for the UK in ---- and ---- to -.- and -.- respectively - significantly below the forecasts used as a basis for the Ministry of Defence (MoD) s spending review. Consequently, we believe the MoD will have to downwardly adjust its -.- real growth target for defence spending in the period to ----. ...The SDSR, published in November ----, added another GBP--bn out to ----. However, with the pound having depreciated and overall economic growth negatively impacted by the Brexit vote some procurement programmes considered non- essential may see cuts or delays. The Brexit vote has created uncertainty regarding the future of the country s defence industry. ...It could also limit, to some extent, EU funding for defence research and development (R&D) in the UK in coming years. We expect the Brexit vote to have a relatively limited impact on the UK s defence industry collaboration with the rest of Europe, as such programmes are independent of the EU, usually organised directly by the participating states or through OCCAR.

...MBDA, in May ----, was awarded a four-year contract by the UK MoD for further development of its Spear - missile, to be used on the air force s F---Bs. In March ----, former UK Prime Minister David Cameron announced the UK and France would work to develop a prototype UCAS under a USD-.-bn programme commencing next year. ...

  
Source:
Document ID
1749-1746
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "United Kingdom Defence and Security Report 2016" Aug 30, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Kingdom-Defence-and-Security-Report-2016-2026-195>
  
APA:
Business Monitor International - Industry Reports. (2016). United Kingdom Defence and Security Report 2016 Aug 30, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Kingdom-Defence-and-Security-Report-2016-2026-195>
  
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