Britain | Throttling back
BAE Systems sheds 2,000 jobs in Britain
But the defence giant is poised to take advantage of a global rise in military spending
THE shrinking of Britain’s manufacturing industry has been a big concern of successive British governments. It now accounts for just 10% of GDP, down from 25% in the 1970s. So news of job cuts at BAE Systems, the country’s largest manufacturer, stoked old worries.
This article appeared in the Britain section of the print edition under the headline “Throttling back”
Britain October 14th 2017
- Theresa May’s weakness at home is slowing down the Brexit talks
- Scottish independence becomes a more distant dream
- The Home Office: a crisis in waiting
- Poor productivity leaves Britain’s public finances looking shaky
- BAE Systems sheds 2,000 jobs in Britain
- As big magazines lose readers, home-made “zines” are springing up
- The Conservative Party is debating the merits of capitalism
From the October 14th 2017 edition
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