UK government gives Rolls-Royce £1.25bn for new aircraft engine

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UK government gives Rolls-Royce £1.25bn for new aircraft engine
The UK government provided a £1.25bn subsidy to Rolls-Royce to support the development of a next-generation engine for single-aisle commercial planes. This funding was included in the chancellor's budget speech but was mentioned briefly, likely to avoid appearing like corporate welfare.
Why it matters: This subsidy highlights the significant public investment required in the global aerospace industry and comes amid broader fiscal challenges for the UK government.
Sources: The Guardian Business

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