Currently the UK spends around 1.7 per cent of its GDP on R&D. Yet the US and China are heading towards three per cent GDP, and others even more.
As our labour market thunders towards the digital age, we must urgently reconsider how we can support the skills most needed.
Spending amounts to an extra £24 billion over four years from today’s levels, helping to equip our Armed Forces.
The second in a mini-series of pieces on ConHome this week about schools after Covid.
The success in procurement and distribution prompts the question of what else we are outstandingly good at.
Automation, artificial intelligence and the internet of things were already encouraging us to consider the future of employment.
Hancock’s willingness to embrace such innovation is encouraging, and will bring sizeable benefits.
“Today over half of the UK’s resident researcher population were born overseas. When we leave the European Union, I will ensure that does not change.”
What is the objective of higher education if it does not play a major role in addressing our country’s skills deficit?
“A Britain fit for the future” might sound a bit exhausting, but it is achievable – if Ministers avoid the pitfalls of the past.
Hammond’s plan – from abolishing Stamp Duty for most first-time buyers, through to reforms to help Universal Credit recipients.
The Chancellor should also support life-long learning through training vouchers, and offer tax breaks for politically independent trade unions.
No matter the size of the economy, or the early advantages a country might enjoy, the consequences of inaction or an anti-innovation policy platform are disastrous.
That means explaining the benefits in day to day life, and preparing an appropriate regulatory structure to deliver them.
My new project takes inspiration from Teddy Roosevelt, who saved American capitalism from itself.