Ungated Post | 18 Mar 2019
The contribution of Thales to the UK economy
Thales commissioned Oxford Economics to undertake a comprehensive assessment of its contribution to the UK economy. In this report, we demonstrate how Thales directly contributes economic value to the country in terms of annual GDP generated, employment supported, and tax revenues raised. In addition, we consider the role of UK supply chain spending by Thales’s UK and overseas businesses, and the impact of wage-related spending by Thales’s UK employees and those in the Group’s UK supply chains.
We found that Thales contributed £1.7 billion to the UK economy in 2017, supported 27,200 UK jobs and carried out £130 million of research and development work. In addition, Thales adds value to the UK economy through the innovative products and services it provides and through programmes to develop engineering interest and skills among the country’s school students and young people.
Download the contribution of Thales to the UK economy report
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
EMEA
Sam Moore
+44 (0)207 803 1415
Email
Americas
Hamilton Galloway
+1 (646) 503 3068
Email
Asia
Christie Tang
+852 3974 8841
Email
Related Services
Post
Powering the UK Data Boom: The Nuclear Solution to the UK’s Data Centre Energy Crunch
The UK’s data centre sector is expanding rapidly as digitalisation, cloud computing, and artificial intelligence (AI) drive surging demand for high-performance computing infrastructure.
Find Out More
Post
Measuring the Value of Design in Singapore
This study explores how design delivers value to Singapore-based organisations, enhancing profitability, strengthening strategic performance, and supporting broad environmental and social benefits. It introduces a Theory of Change framework to help organisations more effectively communicate and measure the value of their design activities.
Find Out More
Post
How can tax and finance leaders build agile functions that thrive?
Building continuous transformation into tax and finance functions can equip them to use AI, adding rich, deep insight and value to businesses.
Find Out More
