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This report counters the economic myths that the UK Government uses to justify its support for arms exports. The report estimates that Government subsidies to arms exports cost the taxpayer at least £450m and possibly up to £930m a year. These subsidies are not only explicit and direct but also comprise; cheap credit insurance from the Export Credit Guarantee Department (ECGD); Government investment in military R&D; and distorted Ministry of Defence (MoD) procurement.
