Ukraine war has made City spending on defence 'essential' as opposed to 'contentious'

Defence sector ‘vital to the economy’

Sorin Dojan
clock • 5 min read

Investment in defence spending is becoming increasingly "essential", as investors strengthen their stance of favouring and bolstering Western military capabilities following almost three years of war in Ukraine.

Last  Thursday (12 December), UK business secretary Jonathan Reynolds met with chief executives from the defence sector in a bid to convince them to "see defence as a core engine of growth". "Our world-leading defence sector is vital to the economy, supporting thousands of high-skilled, high-paid jobs across the UK," Reynolds told members from the industry. "With our industrial strategy, we are taking the pro-business, pro-growth approach, and the sector needs to drive investment in every part of the country." Invesco unveils trio of future-focused thematic ETFs The business secret...

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