BLEAK HOUSE: Just how deep funding cuts may be is the question on the U.K. defense and aerospace sector’s mind following some dire prognostications by the Labour government’s finance minister, Alistair Darling. In an interview with the BBC last week Darling appeared to suggest funding restraints on government departments over the next few years could be worse than during the Margaret Thatcher-era. Labour faces a general election no later than June.
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