What does the 2012 budget mean for defence?

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In his 2012 budget speech yesterday, Chancellor George Osborne announced that the coalition government would invest £60 million in a UK Centre for Aerodynamics, underpinning the UK’s industrial ambition and commitment to growth in the sector."With the world's second largest aerospace industry, we will also establish a UK centre for aerodynamics, to open next year that will encourage innovation in aircraft design and commercialise new ideas," Osborne said.£10 million of the funding will be an inj...
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