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Hold your nose: a £1.25bn subsidy for rich Rolls-Royce’s new engine had to happen
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The Guardian
Hold your nose: a £1.25bn subsidy for rich Rolls-Royce’s new engine had to happen
The chancellor’s budget giveaway is, unfortunately, a reflection of how life works in the global aerospace business
It wasn’t a “nothing” budget for engine-maker Rolls-Royce. The company was handed £1.25bn from public coffers to part-fund the development of a next-generation engine for single-aisle commercial planes.
The chancellor buried this giveaway in two short sentences in the stodgy middle of his speech, presum…
29 Oct, 18:07
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