UK defence expenditure to decrease 2.04% to 2017 says new research
According to the report ‘The UK Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017’ during the review period UK defence expenditure decreased at a CAGR of 2.41% and was valued at $61.91 billion in 2012. Counter measures for potential terrorist threats and supported peacekeeping operations across the globe, particularly inAfghanistanandIraq, stimulated expenditure. Such factors are expected to continue to drive defence expenditure over the forecast period. However,