The chancellor’s budget included a £1.25 billion public subsidy for Rolls‑Royce to support development of a next‑generation engine for single‑aisle commercial planes, according to the Guardian. The funding appeared in just two short sentences placed in the middle of the speech. The Guardian reported that the low‑profile placement likely reflected a desire to avoid the appearance of corporate welfare, especially after the chancellor had highlighted an extra £14 billion in debt interest costs. Despite the timing, the outlet described the payment as a feature of the global aerospace business, noting that the budget was significant for the engine maker.
Source: The Guardian.
