Briefing: Defence market implications of the UK’s exit from the EU

Key Points

• UK defence budget forecast by IHS to reduce in real terms to 2020
• Investment in UK defence industrial sector likely to be subdued
• EU markets accounted for 16.7% of UK defence sales in 2015 (IHS figures)
• UK may have greater defence procurement latitude following EU exit, but benefits are likely to be limited
• UK participation in EU defence programmes likely to be unaffected

The United Kingdom’s decision on 23 June to leave the European Union (EU) will have consequences for the country’s defence market that are likely to include reduced military funding and foreign direct investment but potentially greater latitude regarding procurement decision-making.
IHS Jane’s 360: IHS Jane’s Defence Weekly – Digital, Online and Print Magazine

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