PARIS — Despite budget pressures at home, the U.K. plans to invest £1.2 billion ($1.9 billion) in European Space Agency (ESA) programs during the next five years, a 25% increase over current spending aimed at attracting more high-tech jobs and strengthening the U.K.’s position as a global player in satellite and telecommunications technology development. Britain’s Chancellor George Osborne announced the funding increase in a speech delivered Nov. 9 at the Royal Society, less than two ...

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