The CBI, in partnership with Oliver Wyman, published recommendations aimed at aligning UK defence investment with economic growth. Amid global uncertainty, there is a call for increased defence spending to maximize economic impact. The Taskforce, led by key industry figures, proposes a 10-year Defence Investment Plan to strengthen market demand. Recommendations include mobilizing capital, talent, and innovation across sectors to enhance productivity. The report integrates with existing government initiatives and highlights foundational recommendations and target outcomes for effective implementation.
The report identifies a need for a 10-year Defence Investment Plan to strengthen market demand and align with the Strategic Defence Review.
The Taskforce emphasizes the importance of mobilizing capital, talent, and innovation to harness the full potential of defence investment for economic growth.
Co-chaired by the Chancellor and Defence Secretary, the Defence and Economic Growth Taskforce aims to attract capital flows that maximize productivity and growth.
The recommendations from the Taskforce are designed to complement other government policies, illustrating a comprehensive strategy for defence-related economic development.
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