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MPs want Brexit fund for UK farmers

MPs want Brexit fund for UK farmers

Business
MPs scrutinising the government's plans for the agriculture industry after Brexit want funding for farmers when EU subsidies end, they said in a report.Without an EU-UK trade deal, farm exports face tariffs from March 2019.UK shoppers would also likely see price rises from EU imports such as Danish pork and French cheese, the MPs found.However the Department for Environment, Food and Rural Affairs (Defra) said it could both "secure ambitious free trade deals while supporting farmers".The environment secretary Michael Gove told farmers in January the government would guarantee subsidies at the current EU level only until the 2022 election.The Environment, Food and Rural Affairs Committee assessed the impact of World Trade Organization (WTO) levels of tariffs and regulations being applied to...
British film industry at a defining point

British film industry at a defining point

Business
As the British film industry prepares for its biggest celebration of the year, it finds itself at a defining point in its history according to some of the leading voices in UK movie-making.The BAFTAs on Sunday night will highlight the best in film acting, directing and a variety of production skills.But away from the glitz and red carpet, there are some profound questions facing the film business, which has developed into one of the most rapidly growing sectors of the British economy.Its growth has been supported by a group of factors.For one thing, successive governments have maintained tax incentives to encourage companies to make films in Britain.For another, some huge blockbuster series have made their homes in the UK - James Bond, Harry Potter and now Star Wars. Their presence has hel...
Navy turns to General Dynamics for anti-missile protection

Navy turns to General Dynamics for anti-missile protection

Business
Feb. 16 (UPI) -- General Dynamics was awarded a contract for services in support of the Surface Electronic Warfare Improvement program.The deal, announced Thursday by the Department of Defense, is valued at $ 11.9 million under the terms of a firm-fixed-price modification to previous award contract.The agreement between General Dynamics and the Navy provides options for ship enhancements for onboard electronic warfare countermeasures in order to provide early detection, analysis, threat warning and protection from incoming anti-ship missiles.Work on the contract will occur in Massachusetts, California, and Virginia, with an expected completion date of October 2019, the Pentagon said.The full contract award will be obligated to General Dynamics from Navy fiscal 2017 other procurement funds ...
Israel to receive F-35 air vehicle deliveries

Israel to receive F-35 air vehicle deliveries

Business
Feb. 16 (UPI) -- Lockheed Martin has been awarded a contract for procurement of initial air vehicle spares for F-35 air vehicle deliveries in support of the government of Israel.The deal, announced Friday by the Department of Defense, is valued at $ 13.9 million, the Pentagon said in a press release.The agreement between the Navy and Lockheed Martin taps the company to provide initial air vehicle spares to include endurance spares packages for Israel.Work on the contract will occur in multiple locations within the United States and foreign countries and is expected to be completed in December 2021.The total amount of the contract will be obligated to Lockheed Martin at time of award, which will not expire at the end of the current fiscal year, according to the Pentagon.Let's block ads! (Wh...
Shoppers seek gym wear as belts are tightened

Shoppers seek gym wear as belts are tightened

Business
Retail sales barely rose in January as consumers tightened their belts after Christmas - splashing out on gym wear at the expense of food.According to the Office for National Statistics (ONS), sales volumes were just 0.1% ahead of December when they fell 1.4%.That dip was attributed to a strong November that saw shoppers hunting Black Friday bargains in a retail sphere hit by a Brexit-linked squeeze on living standards.Wages have failed to keep pace with inflation since last spring, denting demand, though economists had expected 0.5% growth in volumes because December had proved so weak.The picture for the three months to January was no better - with growth of just 0.1% on the same period last year.Senior ONS statistician, Rhian Murphy, said: "Retail sales growth was broadly flat at the be...