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Rolls-Royce argues subsidies now level playing field

Financial Times Companies •
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Rolls-Royce is challenging conventional thinking about government support, suggesting that industrial subsidies now serve to balance competition rather than create unfair advantages. The aerospace manufacturer's position reflects a shift in how businesses view financial assistance from governments amid global economic pressures.

This perspective counters traditional free-market arguments by positioning subsidies as necessary tools for maintaining competitive balance. Rolls-Royce's stance implies that without such support, companies face distorted markets where competitors receive backing elsewhere, making playing field considerations more complex than simple market purity.

The argument carries particular weight coming from a major industrial player like Rolls-Royce, suggesting a pragmatic approach to economic policy that acknowledges contemporary realities of international competition and strategic industrial development.