The Budget holy trinity: R&D, skills and foreign investment

Times Red Box

Will Tanner writes for Times Red Box, discussing what he hopes will be included when the Chancellor sets out his vision for the post-pandemic economy. He argued for a much stronger focus on the fundamentals of the future economy: skills, R&D and investment.

”There is only so much a British chancellor can do to alleviate supply pressures created by a global economy reopening from a year of obsolescence, and the most important tools are the Bank of England’s. His budget can at best soothe but cannot cure that particular disease. More important in the longer term is the chancellor’s plan to get the economy firing on all cylinders again, and bringing high-skilled jobs and investment to every part of the UK.”

You can read the full article here.

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