UK announces £2.2 billion defence spending boost, potentially aiding rescued Ferguson Marine shipyard.

UK's Chancellor Rachel Reeves announced a £2.2 billion increase in defence spending, which could benefit Ferguson Marine, a Scottish shipyard rescued by the government in 2019. The Scottish government has invested £14 million in the yard to ensure its sustainability. While Ferguson Marine faces challenges, including a missed contract, plans to boost defence spending could offer new opportunities for the yard.