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In search of a plug for the blackhole, Hunt must not cull investment in our future

City AM

Matt Burnett, Head of Onward’s Science Superpower research programme writes for CityAM on why the governmen’t R&D policies are vital to economic revival. He writes:

“The best way to restore Britain from its economic malaise is through innovative businesses investing in cutting-edge R&D. Business confidence has taken a battering with Brexit, Covid-19 and political instability. Through it all they have relied on R&D tax incentives to help them invest in the future. The chancellor can increase business confidence with wise reforms to the scheme that send the clear signal that Britain is an Innovation Nation. Cutting support for R&D would send the opposite message, and doom us to an inevitable economic decline.”

Read the full article here.

Incentivising Innovation: Reforming R&D Tax Credits

How to reform R&D Tax Credits to incentivise innovation when public finances are stretched.

Nick Timothy wrote about why Britain needs to reindustrialise in the Daily Telegraph.