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Nothing is booming in Britain, except uncertainty. This is not the time to cut public investment in research

Britain has suffered from a turbulent policy environment for a while. Following chancellor Jeremy Hunt's reversal of nearly all of the mini-budget tax measures and reigned in energy support, difficult spending cuts are coming. Areas of capital investment, including the science budget, might be at risk in the fiscal plan scheduled for the end of the month, and cutting the science budget would be a 'monumentally bad idea', write Anna Valero and John Van Reenen.

Anna Valero and John Van Reenen

20 October 2022

LSE Business Review

This work is published under POID and the CEP's Growth programme.

This publication comes under the following CEP theme: UK productivity and policy