Chris calls on Chancellor to push defence R&D

An increase in defence spending offers an opportunity to address our national security, economic and fiscal challenges together. London Business School’s Professor Paolo Surico and I have modelled the potential impact of his research on defence R&D on the UK economy. On a ten year view productivity growth could return to pre 2008 levels, transforming living standards, debt to GDP is lower and we could reach the 3% defence spending 2030 NATO target. I have written to the Chancellor and Defence Secretary.

Full paper here.