Labour’s Liz Kendall unveils record £55bn R&D boost for UK innovation Tech Labour has announced a £55bn funding boost for science and technology, dubbing it the largest-ever long-term investment in UK research and development (R&D). The plan, confirmed today by the Department of Science, Innovation and Technology (DSIT), will pour billions into British research agencies and innovation bodies through to 2030 – part of the government’s drive [...]
Autumn Budget: Reeves must focus on growth, not ‘gimmicks’ Business Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, the chief executive of founders club Helm calls for bold innovation policies took take centre stage. Chancellor Rachel Reeves should use her second Autumn Budget to make bolder swings for the UK’s innovation economy [...]
Rachel Reeves’ matchmaker moment Economics Finance bros and gals are often seen oozing confidence as they strut their stuff around the streets of the City of London, imagining they’re the main characters on hit show Industry. But it would be a mistake to assume these investor strategists, expert consultants and risk analysts are libertarian dreamers, swashbuckling Reagan fanatics and small-state [...]
UK research fund suffering from Labour’s lack of strategy, watchdog says May 14, 2025 The government should give the UK’s largest single public fund for scientific and technological research more deadlines and clearer targets in order for projects to succeed, an independent watchdog has said. The National Audit Office (NAO) said the government should better communicate its policy priorities to UK Research and Innovation (UKRI), which has a budget [...]