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U.K. Industry Worries Over R&T Backing
LONDON — The British aerospace industry is sounding the alarm about the coalition government’s level of commitment to the sector, and stakeholders hope to generate more support during next week’s meeting with Business Secretary Vince Cable.
One area of concern is research and technology (R&T) funding. Although the government had promised to protect R&T activity from budget cuts, that commitment may now be faltering, says a senior British executive.