Many constituents work at BAE at Samlesbury or Warton and also at local companies that rely on contracts with them. This is devastating news for Lancashire and my first concern is for the workers and their families.
On the day that started with a report that draws on the devastating impact Government cuts will have to the north and public sector jobs this is a terrible blow to the private sector in Lancashire.
Labour set out clear policies to secure the recovery - not put it at risk. Clearly the way forward should be to invest in high value, export led advanced engineering jobs.
This is another example of the coalition cutting the deficit too fast, private sector confidence draining away and I fear it’s just the tip of the iceberg as far as cuts in military spending go.