This kind of support of industry is not uncommon. Our competitors get two or three times what we get. It is a competitive world and you need to think about that. Narrowbody is the single biggest opportunity in a generation. It is natural for the UK government to support it.
The UK government aims to create over 38,000 jobs in a connected and automated mobility (CAM) industry projected to be worth over £42bn by 2035, with an additional £150m in funding.
The new strategy's emphasis on reducing high electricity costs for UK industry marks a significant shift, but it still largely resembles a sketch rather than a fully developed plan.
The British Business Bank's total financial capacity will be increased to £25.6bn, enabling a two-thirds increase in investments to around £2.5bn each year.
