[theo_luddite]

Absolutely. Now all the former MOD manufacturing sites, Royal Ordnance, HM Shipyards and Submarine bases, RAF bases, (the list goes on) are either in "private" hands, (and no I don't mean you Private Spike Milligna, former comedian and well known typing error), or permanently closed, he has to keep greasing the wheels that shovel the funds straight back into the Tory Party coffers. Many of these private "owners" are Johnny Foreigners, or failing that, their businesses are registered in tax havens so they pay bugger all tax here worth talking about, other than staff wage taxes, local taxes (maybe, maybe not) and then they get the Gov't to help them pay bribes for backhanders for foreign arms deals.
Oh, hold on - they just slapped Rolls Royce on the back of the legs for doing that. Then awarded them more defense contracts to ease the pain.