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....”. No 10’s intervention came as the ministers Jeremy Hunt and Sir Michael Fallon sought to play down reports of cabinet splits, especially between Hammond and the international trade secretary, Liam Fox. ... [Read full article on Guardian ]
Monday 31st of July 2017 12:34:06 PM
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Latest Finance News related to Michael Fallon

No 10 contradicts Hammond over 'off the shelf' Brexit transition deal image
....”. No 10’s intervention came as the ministers Jeremy Hunt and Sir Michael Fallon sought to play down reports of cabinet splits, especially between Hammond and the international trade secretary, Liam Fox. ...
Britain’s economic model is broken: this is our first post-crash election | Aditya Chakrabortty image
.... The Tories want to stand up for the little guy, while cutting taxes for big corporations: to invest more, even while sticking to an austerity programme. May clearly wants to leave open the option to raise taxes, while Michael Fallon believes that option should be shut down – now. ...
General election 2017: Tory housing plan 'paid from existing budget' image
....They want to make it easier for councils to purchase derelict land for new rented housing projects. Defence Secretary Michael Fallon said the money will come from £1. ...
Theresa May to promise price cap on energy bills in Tory manifesto image
....The move is likely to draw fierce criticism from opposition parties after the Conservatives criticised Ed Miliband’s energy price freeze pledge in 2015 as evidence that he was living in a “Marxist universe”. The defence secretary, Michael Fallon, has said Labour’s price freeze was different to a cap because it would have prevented prices from dropping. ...
Theresa May promises personal tax allowance will go up to woo working-class voters image
....And they are getting set to abandon David Cameron's "tax lock" pledge as they look at ways of turning the flailing economy around. Defence secretary Sir Michael Fallon says the Tory manifesto will be aimed at cutting taxes. ...
Tories pinched Labour's energy price cap – but now we need detail | Nils Pratley image
. The Conservative party’s proposed price cap on energy bills is “very different” from the price freeze advocated by Ed Miliband at the last general election, according to Sir Michael Fallon, the defence secretary and former energy minister. ...
WhatsApp must not be 'place for terrorists to hide' image
Source : BBC [Read Article] Sunday 26th of March 2017 04:33:52 AM
....He then fatally stabbed a police officer before being shot dead by police - all within 82 seconds. Ms Rudd would not confirm who shot Masood, amid claims it was a bodyguard for Defence Secretary Sir Michael Fallon. ...
MPs not appeased by May's decision to review self-employed tax hike image
Source : Guardian [Read Article] Friday 10th of March 2017 06:48:53 PM
....”. David Cameron was also dragged into the row, after a video clip from Thursday’s Iraq and Afghanistan memorial unveiling appeared to show him saying to the defence secretary, Michael Fallon: “Breaking a manifesto promise, how stupid can you get?”. ...
Tory £1bn inheritance tax cut 'will worsen north-south divide' image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:20:48 PM
....1%). The cabinet ministers Michael Fallon, Justine Greening, Jeremy Hunt and Chris Grayling all represent areas where more than a 20% of homes sold were above the £650,000 threshold. ...
Michael Fallon: 'Firms won't have to name foreign workers' image
Source : BBC [Read Article] Sunday 9th of October 2016 11:42:33 AM
. UK companies will not be told to list or name foreign workers they employ, Defence Secretary Sir Michael Fallon tells Pienaar's Politics. ...
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UK firms 'won't have to list foreign workers', says Fallon image
Source : BBC [Read Article] Sunday 9th of October 2016 10:45:34 AM
....UK companies will not be told to list or name foreign workers they employ, the government has said. Defence Secretary Sir Michael Fallon told the BBC: "This is not going to happen" but said firms could be asked "simply to report their numbers". ...
Nuclear submarines construction set to start image
Source : BBC [Read Article] Saturday 1st of October 2016 02:30:30 PM
....The "Successor" is the proposed new generation of submarines to carry the UK's nuclear deterrent. Defence Secretary Michael Fallon said the deal would secure thousands of highly-skilled jobs across the UK. ...

Dragonfly drones and lasers: Britain invests £800m in next generation of military technology 
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....Britain will spend more than £800million funding next-generation military technology including tiny "dragonfly drones" for gathering intelligence and laser weapons to eliminate missiles. Michael Fallon, the Defence Secretary, will today announce an innovation unit which will encourage individuals and companies to pitch ideas to a panel of experts. ...

Theresa May to end ban on new grammar schools
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Source : Telegraph [Read Article] Saturday 6th of August 2016 08:30:00 PM
.... . Mrs May and Michael Fallon, the Defence Secretary, both backed the creation of annexes in their own constituencies in recent years. ...

Ministry of Defence to review Iraq abuse cases in attempt to clear names of soldiers tarnished by Phil Shiner's legal claims 
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....”. Michael Fallon, the Defence Secretary, has complained of "ambulance chasing" lawyers who he insists threaten to undermine Britain's ability to fight wars overseas over fears of being sued. ...

Top lawyer facing criminal inquiry over 'bribes' paid to Iraqis bringing abuse claims against British troops
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....The Ministry of Defence compiled its own dossier on PIL which it passed to the SRA for investigation. Michael Fallon, the Defence Secretary, said the decision to strip PIL of legal aid funding showed “justice is being done”. ...

'Ambulance chasing' law firm that hounded British troops over false claims of Iraq abuse banned from public funding
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.... Mr Shiner is attempting to keep those hearings secret. Michael Fallon, the Defence Secretary, who has long accused ‘ambulance-chasing’ lawyers of undermining British troops, said: “We’ve seen our legal system abused to falsely impugn our armed forces. ...

David Cameron is 'paying off debts' by rewarding allies in honours list, says former minister
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....A former government minister expressed surprise that four members of Theresa May’s Cabinet were included in the list, which is a break from tradition. They are Patrick McLoughlin, now Conservative Party chairman, Philip Hammond, the Chancellor, Michael Fallon, the Defence Secretary, and David Lidington, Leader of the House of Commons. ...

People are outraged Larry the Cat isn't on David Cameron's honours list
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Source : Telegraph [Read Article] Monday 1st of August 2016 07:53:52 AM
.... . The leak of said list revealed that four Cabinet ministers – Philip Hammond, Michael Fallon, David Lidington and Patrick McLoughlin – are all in line for knighthoods, while former chancellor George Osborne is set to be become a companion of honour. ...

Tory MPs accuse David Cameron of 'devaluing the system' by awarding honours to his wife's stylist and his former drivers 
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....A former government minister expressed surprise that four members of Theresa May’s Cabinet were included in the list, which is a break from tradition. They are Patrick McLoughlin, now Conservative Party chairman, Philip Hammond, the Chancellor, Michael Fallon, the Defence Secretary, and David Lidington, Leader of the House of Commons. ...

Labour 'saddled Navy ships with dodgy engines'
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Source : Telegraph [Read Article] Saturday 30th of July 2016 11:51:41 PM
....”. In March Defence Secretary Michael Fallon said the MOD had learned lessons regarding choosing simpler and more robust engineering, as well as investing in more comprehensive shore testing, and that these had been applied to the process of commissioning the two new Queen Elizabeth class aircraft carriers. ...

Remain supporters and Cameron aides in line for honours in leaked list
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Source : Telegraph [Read Article] Saturday 30th of July 2016 11:03:02 PM
....David Cameron is set to lavish knighthoods and other honours on prominent figures who campaigned to remain in the EU, as well as Tory donors and personal aides. A leak of the former prime minister’s resignation honours reveals that four Cabinet ministers – Philip Hammond, Michael Fallon, David Lidington and Patrick McLoughlin – are all in line for knighthoods, while former chancellor George Osborne is set to be become a companion of honour. ...

Boris Johnson laughs off disbelief at his appointment during first US visit as foreign secretary
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....”. He did, however, echo Michael Fallon, the defence secretary, in his criticism of Mr Trump’s suggestion that Nato obligations could be ignored. ...

Who is Michael Fallon? A profile of Britain's Defence Secretary
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Source : Telegraph [Read Article] Wednesday 13th of July 2016 08:17:59 PM
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EU referendum: UK's EU commissioner Lord Hill to resign image
Source : BBC [Read Article] Saturday 25th of June 2016 12:02:33 PM
....In other developments:. Earlier, Defence Secretary Michael Fallon hit back at claims the UK government had been left rudderless following Mr Cameron's resignation statement. ...
Labour: PM losing trust over shares row image
Source : BBC [Read Article] Friday 8th of April 2016 04:33:43 AM
Why do the Tories want to hide who owns our country’s land? | Charles Arthur image
....However the campaign’s work won’t really be done until the government stops having stupid ideas about privatising the data which should be publicly held. We’ve already suffered from Michael Fallon’s decision to sell off the income-generating Postcode Address File (PAF) database with Royal Mail – which means the government had to set aside £5m (but will need more) in the budget to create a “national address register”, with exactly the same information. ...
BAE gets £201m for fresh design work on new nuclear submarines image
Source : Telegraph [Read Article] Monday 8th of February 2016 04:18:46 PM
.... . Last week, MPs on the Defence Select Committee wrote to Defence Secretary Michael Fallon saying that there was an “unacceptable level of uncertainty” on the Successor programme among “not only Parliament, but also main contractors and their supply chains”. ...
Delays on Trident replacement and Type 45 power failures probed by Defence Select Committee image
.... . MPs on the committee have written to Defence Secretary Michael Fallon questioning a lack of progress on a replacement for Britain’s Trident nuclear submarines. ...
New controls on defence contract profit margins delayed by government image
Source : Telegraph [Read Article] Thursday 21st of January 2016 06:23:05 PM
.... . However, Defence Secretary Michael Fallon wrote to the watchdog telling it that for the 2016/17 financial year only a single rate would be permitted. ...
Hercules deal helps secure 1,200 jobs image
Source : BBC [Read Article] Wednesday 30th of December 2015 11:52:04 AM
....As part of the six-year contract work will also be undertaken by Lockheed Martin and its sub-contractors at sites in Havant, Stansted and Cheltenham. Defence Secretary Michael Fallon said: "It (the contract) will secure around 1,200 skilled jobs and ensure our essential RAF transport aircraft are prepared for operations for years to come. ...
Deal to extend Hercules' life secures 1,200 UK engineering jobs  image
Source : Telegraph [Read Article] Wednesday 30th of December 2015 06:00:29 AM
.... . Defence Secretary Michael Fallon said: “This contract is further evidence of what the growing defence budget, with £178bn investment in equipment, means for the UK. ...
The British vote on EU membership is long overdue image
Source : Telegraph [Read Article] Saturday 26th of December 2015 03:09:19 PM
'Pathway' found for EU deal - Cameron image
Source : BBC [Read Article] Friday 18th of December 2015 06:35:47 AM
....". Defence Secretary Michael Fallon later insisted that the government would not back down on its manifesto commitment to reduce levels of EU migration and would "fight for" the changes it wanted to see - but he stopped short of saying Mr Cameron would insist on a four year benefit ban. ...
British deep coal mining at an end image
Source : BBC [Read Article] Friday 18th of December 2015 12:43:52 AM
....". In 2014 Michael Fallon, Conservative MP and the then business minister, said: "There is no value-for-money case for a level of investment that would keep the deep mines open beyond this managed wind-down period to autumn 2015. ...
Defence firms warned delays to new nuclear submarines would put UK 'at risk' image
Source : Telegraph [Read Article] Wednesday 21st of October 2015 12:50:33 PM
.... . Firing a shot across the bows of the country’s arms manufacturers and companies in their supply chains, Defence Secretary Michael Fallon highlighted the dangers of “failing to deliver” on the nuclear Successor class submarines for the Royal Navy, which will replace the existing fleet of Vanguard class boats. ...
Cameron urged to challenge Chinese president over UK steel job losses image
Source : Guardian [Read Article] Tuesday 20th of October 2015 06:47:37 PM
....Gareth Stace, director of UK Steel, said: “Dalzell is the only site in the UK capable of rolling steel for use in the Trident replacement and for armour plating for the armed forces. Does [the defence secretary] Michael Fallon understand that if that site closes, the army and navy will have to go abroad for steel that is used for national security purposes? It’s a really significant issue. ...
Tata Steel confirms 1,200 job losses as industry crisis deepens image
Source : Guardian [Read Article] Tuesday 20th of October 2015 05:18:39 AM
....Gareth Stace, director of UK Steel, said: “Dalzell is the only site in the UK capable of rolling steel for use in the Trident replacement and for armour plating for the armed forces. Does [the defence secretary] Michael Fallon understand that if that site closes, the army and navy will have to go abroad for steel that is used for national security purposes? It’s a really significant issue. ...
Mitchell suggests tax credits 'tweak' image
Source : BBC [Read Article] Sunday 18th of October 2015 12:41:01 PM
....The government says other reforms, including a National Living Wage, increased personal tax allowance and expanding childcare, will compensate for the reforms and Prime Minister David Cameron has rejected calls for a change of course. Speaking on the BBC's Andrew Marr show, Defence Secretary Michael Fallon said the current tax credit system was "not very sensible", saying even some MPs were eligible to receive the payments. ...
RAF pilots to help sell arms to foreign countries image
Source : Telegraph [Read Article] Wednesday 16th of September 2015 04:00:33 AM
.... . Defence Secretary Michael Fallon is due to set out a new regime at the Ministry of Defence that will see the forces at the forefront of export campaigns. ...
Source : Independent [Read Article] Friday 21st of August 2015 12:45:37 AM
.... Ask Jeremy Paxman, who famously asked him 12 times if he had threatened to overrule the boss of the prison service. The former Conservative leader was similarly tricky to pin down more recently when questioned by journalists about a letter he wrote last year to the government minister Michael Fallon in his new guise as chairman of his Somali company Soma Oil & Gas. ...
Going with GVC would be one big spin of the roulette wheel for Bwin image
Source : Independent [Read Article] Friday 21st of August 2015 12:44:41 AM
.... Ask Jeremy Paxman, who famously asked him 12 times if he had threatened to overrule the boss of the prison service. The former Conservative leader was similarly tricky to pin down more recently when questioned by journalists about a letter he wrote last year to the government minister Michael Fallon in his new guise as chairman of his Somali company Soma Oil & Gas. ...
Britain's shale fracking revolution comes with big risks image
Source : Telegraph [Read Article] Tuesday 18th of August 2015 04:15:15 PM
.... For years it has been argued that Britain cannot afford to ignore the possibility of fracking for oil and gas locked in shale. When at the Department of Energy and Climate Change, Michael Fallon argued that fracking was a strategic and economic imperative. ...
Michael Howard: Former Tory leader faces questions by SFO over oil deal corruption claims image
....Lord Howard, who led the Conservatives between 2003 and 2005, became chairman of Soma in May 2013. As chair he wrote a letter to the former business minister, Michael Fallon, asking him to meet the newly appointed Somali energy minister in London as a “favour”. ...
Defence exports could get more support after Typhoon loses to France's Rafale image
.... Chancellor George Osborne on a visit to BAE's Warton base, where it produces the Typhoon . David Cameron, Chancellor George Osborne and Defence Secretary Michael Fallon have all cited the importance of the UK’s defence industry as part of the Conservatives’ “prosperity agenda”, with exports intended to boost the UK economy. ...
Arms companies warned not to rip off the taxpayer, as defence budget rises  image
.... . Defence Secretary Michael Fallon will use a keynote speech on Friday evening at the world’s largest military airshow to fire the warning shot across the bows of some of the UK’s biggest companies. ...
Congratulations George Osborne on the best Labour Budget in years image
Source : Telegraph [Read Article] Wednesday 8th of July 2015 07:37:53 PM
.... . • British business reacts to Osborne's 'double-edged' plans • Green energy companies hit as Chancellor slashes subsidies • George Osborne slashes benefits to make work pay • Michael Fallon declares victory over 2 per cent funding for the military • Insurance premium tax hike set to hit businesses and consumers . ...
Budget 2015: George Osborne's new 'living wage' hailed as 'a masterstroke' - as it happened image
.... window['f07a2478-6ae6-4371-9773-5ec1be5099ea'] = {'axisLabel':'Tax thresholds (£)','valuePrefix':'£','valueSuffix':'','pulloutTitle':'','pulloutItems':'','enableSpillover':false};. Michael Fallon declares victory over 2 per cent funding for the military . ...
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Source : Reuters [Read Article] Monday 22nd of June 2015 06:01:05 AM
....7 percent of GDP on foreign aid, which some Conservative lawmakers think could be better spent at home. In the same newspaper, defence minister Michael Fallon said Britain's armed forces still had enough resources despite cuts to their 34 billion pound budget and the world "becoming a darker place" with threats from Russia and Islamic State. ...
....  . However, there are a number of other options, include unmanned aircraft variants, and the industry hopes that Michael Fallon, who succeeded Mr Hammond when he moved to the Foreign Office last year, will open up the deal to competition. ...
David Cameron must reform DECC to keep UK lights on image
Source : Telegraph [Read Article] Friday 8th of May 2015 04:25:23 PM
.... . Following the departure from energy of Tory minister Michael Fallon to defence last year, the process of encouraging the nascent shale industry in the UK appeared to stall. ...
David Blanchflower: The problem for the Tories is that their economic plan has failed image
.... The negative campaigning orchestrated by Lynton Crosby seems to have backfired. Despite what Michael Fallon and David Cameron suggested, the Ed Miliband I know is a thoroughly decent man. ...
Labour manifesto pledges do nothing to challenge Tory rhetoric image
Source : Guardian [Read Article] Thursday 16th of April 2015 06:48:05 PM
....This madness is shared by the Conservatives. In a parliamentary debate on 20 January on the Trident nuclear weapons system, defence secretary Michael Fallon told MPs: “We also share the vision of a world that is without nuclear weapons, achieved through multilateral disarmament. ...
Ken Clarke: Tory party is too rightwing and personal attacks won't work image
Source : Guardian [Read Article] Thursday 16th of April 2015 05:08:28 PM
....He also spoke of the danger that personal attacks on rivals such as Miliband could cost Cameron power. Clarke would not comment on the backlash against defence secretary Michael Fallon, who said Miliband could “stab the UK in the back” over the renewal of Trident, Britain’s nuclear weapons system, because he took on his brother to win the Labour leadership. ...
Source : Reuters [Read Article] Tuesday 14th of April 2015 07:15:26 AM
....With just three weeks before what is shaping up to be Britain's closest election since the 1970s, Cameron chose to largely abandon negative campaigning amid criticism the strategy was backfiring and focused on what he could offer voters. He made no mention of his rival, opposition Labour Party leader Ed Miliband, and did not repeat a robust personal attack on his opponent's character made last week by Michael Fallon, his defence minister. ...
Ed Miliband rebrands Labour as party of fiscal responsibility image
Source : Guardian [Read Article] Sunday 12th of April 2015 09:30:02 PM
....The shadow cabinet will travel to Manchester for the launch of the manifesto in high spirits after a faltering week of campaigning by the Tories. David Cameron moved to address concerns the Tories are overly negative, after the defence secretary Michael Fallon launched a highly personal attack on Miliband by accusing him of stabbing his brother in the back during the 2010 leadership contest. ...
Labour seeks to reinvent itself in public mind as party of fiscal caution image
....Labour is to make an audacious vote grab with the launch of its manifesto on Monday in Manchester, painting itself as the party of fiscal responsibility in contrast to the Conservatives, party of reckless unfunded spending. Labour says putting control of the deficit at the centre of its manifesto shows a party confident enough to address negative perceptions, whereas the Tory party has been unable to restrain its nasty side – exemplified by the personal attack on Ed Miliband by Michael Fallon, the defence secretary, an attack so unpleasant that it dislodged Sunday Times columnist Dominic Lawson from his previous support for the Conservatives. ...
Creasy or Fallon? My top tips for key business players in the new Cabinet image
Source : Independent [Read Article] Wednesday 25th of March 2015 12:16:11 AM
.... A former director of inter-dealer broker Tullett Prebon, Mr Fallon would be a popular choice in the City . For example, Michael Fallon, the Defence Secretary, has struggled over the backlash from Tory backbenchers over the Government’s failure to commit to spending 2 per cent of national income on the military, the target as a member of Nato that is almost certain to be missed over the next few years. ...
Mark Leftly: Can we outsource guns'n'ammo? We're still waiting for an answer image
Source : Independent [Read Article] Friday 30th of January 2015 01:03:17 AM
.... The Bristol-based agency is, nevertheless, in the process of bringing in more private-sector boffins to improve everything from payroll to the way in which it negotiates contracts with the likes of BAE Systems and Cobham. Successive defence secretaries, including the current holder of the role, Michael Fallon, are convinced that DE&S needs more commercial skills to get better value for money on guns’n’ammo, ships’n’tanks, and even radios’n’cyber-security systems. ...
UK gas supplies 'relying on luck', former energy minister Charles Hendry warns image
.... Mr Hendry, the Conservative MP, served as energy minister until 2012. A year later, one of his successors, fellow Conservative Michael Fallon, ruled out intervention to encourage new gas storage, despite Government-commissioned analysis showing it could save consumers £1bn. ...
Source : Independent [Read Article] Thursday 27th of November 2014 01:03:41 AM
....But there’s a noteworthy issue as well in part of the official correspondence that has emerged lately. It involves the wording of a letter obtained by the Wall Street Journal, sent by Lord Howard to Michael Fallon, then a minister at the Department for Business. ...
Britain orders more F-35s as part of biggest-ever defence project image
Source : Telegraph [Read Article] Tuesday 28th of October 2014 06:11:48 PM
.... . Defence Secretary Michael Fallon said the MoD had reached an agreement in principle to buy four F-35 Lightning II stealth aircraft. ...
....Although Mr Gray points out the MoD could “pick someone else to finish this work”, this is thought unlikely. There have been unsubstantiated rumours of fierce disagreements between Mr Gray and various defence ministers, but, even if true, few industry observers believe that the Defence Secretary Michael Fallon will tolerate the embarrassment of snubbing the man that the Coalition Government has so entrusted with these reforms. ...
Babcock and BAE share £3.2bn naval contracts bonanza image
Source : Independent [Read Article] Wednesday 1st of October 2014 09:24:54 PM
....5bn Scout armoured vehicle contract, since the Coalition came to power in 2010. Michael Fallon, the Defence Secretary, said the Maritime Support Delivery Framework “reflects our commitment to giving our armed forces what they need to keep Britain safe”. ...
Ministry of Defence contracts secure 7,500 naval base jobs image
Source : Telegraph [Read Article] Wednesday 1st of October 2014 09:50:27 AM
.... . "This huge investment in our naval bases will ensure that the Royal Navy’s fleet of 56 warships and submarines are in the best possible condition and available for operations," British Defence Secretary Michael Fallon said. ...
Ministry of Defence naval base deals secure 7,500 UK jobs image
Source : BBC [Read Article] Wednesday 1st of October 2014 07:02:25 AM
Defence Secretary says Nato must 'toughen up' image
Source : Telegraph [Read Article] Wednesday 3rd of September 2014 04:00:54 PM
. Nato must "toughen up" to deal with the modern-day threats it faces, Defence Secretary Michael Fallon has said. ...
Nato summit: £3.5bn armoured vehicle deal to be signed image
Source : BBC [Read Article] Tuesday 2nd of September 2014 11:39:50 PM
.... . In a speech later at the Royal United Services Institute, a defence think tank, Defence Secretary Michael Fallon is expected to call on Nato countries to increase military spending. ...
Ineos joins search for shale gas in Scotland image
Source : Telegraph [Read Article] Monday 18th of August 2014 12:17:31 PM
.... A separate study of a wider area of Scotland's central belt by the British Geological Survey in June estimated there could be 80 tcf of gas and 6bn barrels of oil. Michael Fallon, the then-energy minister, said he expected to see "strong interest" in exploring in the area. ...
Source : Independent [Read Article] Friday 8th of August 2014 12:56:22 AM
....Westminster Outlook Here’s a bit of Government contract gossip. This month – probably next week – new Defence Secretary Michael Fallon will push ahead with one of the big departmental reforms launched by his predecessor, Philip Hammond. ...
Half of Britain to be opened up to fracking image
Source : Telegraph [Read Article] Saturday 26th of July 2014 08:30:18 PM
.... . Michael Fallon, the former energy minister, has previously described shale as “an exciting prospect, which could bring growth, jobs and energy security”. ...
Source : Independent [Read Article] Thursday 24th of July 2014 11:55:01 PM
. Westminster Outlook Appropriately for a man whose greatest achievement/failure in the coalition so far has been the privatisation of Royal Mail, Michael Fallon spent his final hours as a business minister announcing a sell-off. ...
Cameron to check arms export licences to Russia image
Source : BBC [Read Article] Wednesday 23rd of July 2014 04:27:09 PM
.... . Defence Secretary Michael Fallon said Britain did not export arms to the Russian armed forces "that could be used for internal repression". ...
If Scotland leaves, Britain will no longer be a credible military force on the world stage image
.... With civil as much as defence, these are not ordinary, commercial companies, but essentially just an arm of government and perceived national interest. In this sense, the new defence secretary, Michael Fallon, is as much the boss of BAE Systems as Ian King, its chief executive. ...

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