Why should successive governments use taxes raised from successful, profitable industries to support failing, unprofitable ones?
In the not too distant past, Appledore was busy building ferries and things like bulk carriers and chemical tankers for the international commercial market. What changed, and why should Government not support them like they so with loans for exporters?
In order to retain key defence capability within the UK and not rely on foreign yards.
Some may not consider this important, but I do. There is also economic evidence that a lot of the money spent in subsidising UK industries actually gets back into the UK economy as taxes.
In both marine and aerospace, commercial and military industrial capabilities are closely tied. I wonder if the Government will remember this in the spending review?