Publication

This report counters the economic myths that arms exports are of particular value to the British economy and therefore deserving of unique support from the government. The authors conclude that UK government subsidies to arms exporters, worth between £453m (US$858m) and £936m (US$1,773m) a year, are based upon false economics. Far from providing jobs, these exports divert investment away from more effective job-creating economic activity. The authors call upon the government to withdraw the subsidies and encourage similar withdrawals in other countries.