UK defence industry spending hits £25 billion

Official statistics have revealed that defence spending with UK industry by the Ministry of Defence has topped £25 billion for the first time.

The 2022/23 statistics outline the money spent by the MOD with UK defence companies.

Spending in Yorkshire and the Humber doubled, and it rose by 25 per cent in Wales.

Figures also show that 209,000 UK jobs are supported through the MOD’s expenditure with the defence industry.

Defence secretary, Grant Shapps said: "As threats increase across the globe, it’s crucial that investment in our Armed Forces matches that picture.

"That’s why we’re spending more than £50 billion annually on helping equip our military with cutting-edge capabilities, so they can continue to protect our freedoms around the clock.

"These statistics demonstrate how all parts of the UK are playing their part in that crucial work, delivering through our fantastic defence industry and boosting local prosperity."