Rolls-Royce's self-reliance has given the chancellor a boost | Nils Pratley

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The company’s spending cuts bolster the government message that bailouts are a last resort

Rishi Sunak will be delighted. The chancellor told the aviation industry that government-backed bailouts would only be considered “as a last resort”, and here comes engine-maker Rolls-Royce to demonstrate what it can achieve under its own steam.

 

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