Ungated Post | 23 Jul 2018
The impact of the BAE Systems military aircraft business on the UK economy
In 2016, the BAE Systems military aircraft business sustained nearly 48,900 jobs in the UK, supported a £3.2 billion contribution to GDP and made a total tax contribution of £900 million to the Exchequer.
Following the 2017 study on the contribution of BAE Systems to the UK economy, the company asked Oxford Economics to estimate the economic impact of one of its UK businesses. The report finds that in 2016 BAE Systems military aircraft business sustained nearly 48,900 jobs in the UK, supported a £3.2 billion contribution to GDP and a made total tax contribution of £900 million to the Exchequer. In addition, in 2016, the BAE Systems military aircraft business exported £1.3 billion worth of goods and services—equivalent to 0.2 percent of UK exports in that year.
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.
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