London - Britain's shipbuilding industry could be in for a massive boost after Brexit with plans to end to European Union rules forbidding the Government from prioritising UK firms when handing out lucrative contracts for new vessels. Boris Johnson's forthcoming defence review is understood to include plans to ensure new vessels are built in domestic shipyards in future.
Strict single market rules introduced in 2009, says the "Express", have forced the Government to carry out international competitions for contracts relating to "non-sensitive" defence shipbuilding although submarines and some classes of warships are exempt. But the Integrated Review of security, defence, development and foreign policy is looking at ways of overhauling the regulations with possible legislation that could see the rules relaxed within the next three years.
An MoD spokesman said: "Defence is committed to supporting the Government's ambition to reinvigorate UK shipbuilding. "As we approach the end of the transition period, the MoD is exploring opportunities to better tailor the regulations to meet our needs, although no decisions have been made."(READ MORE)