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Autumn statement delivered reassurance, but not vision

Investing in innovation is key to the future prosperity of an advanced economy such as the UK. Chancellor Jeremy Hunt's 17 November autumn statement confirmed a commitment to raising public investments in science. Despite these words, the reduction in R&D tax incentives for smaller companies will hold back innovative young firms. The UK also still lacks a serious, long-term strategy for growth. We must aim higher if we want to be a science superpower, write Anna Valero and John van Reenen.

Anna Valero and John Van Reenen

28 November 2022

Research Professional News

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

This publication comes under the following CEP theme: R&D and innovation, UK productivity and policy