It's estimated that the British annual arms trade has sales worth £17bn. Britain is the worlds 2nd biggest arms exporter behind the USA with a market share of 20%. It's estimated that the industry employs over 250000 people spread over around 10,000 firms with 1.2 million other people indirectly dependent on it for a living. After recent purchases from the US company Lockheed Martin, BAE Systems (British company) is now the largest arms company in the world.
One of the largest arms contract signed was the Al-Yamamah contract worth £15bn. The first phase was signed in 1986 by the then Trade Industry Secretary, Michael Heseltine. The contract is to supply Saudi Arabia with Tornados, Hawks and other aircraft systems. BAE Systems is the main contractor and has around 2,500 contractors in Saudi Arabia to support the contract.
If we want to help those little children that you are always bringing up in these arguments, do something about the arms trade. Just remember though, there are lots of little children in this country whose parent's livelihood is dependent on this market.
Like it or not, freedom and liberty to say, think and go where you like comes at a price. Do you think that the UK's march to democracy was a bloodless transition? How many lives were lost in America's War of Independence and Civil War? How many lives in total were lost in WW1 & 2? It's very easy to pick on TB as the bad guy when you're sat in your nice comfortable homes with plenty of food and without the worry that you will be arrested any moment for being a subversive who disagrees with your unelected government.
Those of you who weep for the poor children in Iraq, weep for all the other children who are killed or orphaned thanks to the arms trade which provide us with the income that gives us the standard of living that we enjoy in this country.
I personally support the defence industry because I respect the fact that many people gave their lives for the liberty that I now enjoy and that too many of you glibly take for granted.
Iraq is a tragedy but don't just blame TB. The terrorists destablising the country have absolutely no interest in helping the people build a better Iraq. They just want to get even with the USA mainly and in doing so, how many Iraqi children are they butchering?