Wednesday’s Autumn Statement


Wednesday’s Autumn Statement was eclipsed by Theresa May’s pledge of ‘£2bn for UK Research & Development support’ announced in her speech to the C.B.I earlier in the week.
It is always good to see support for R & D, even if short on detail, being pledged, at least over the ‘lifetime of this government’.
The announcement of a technology focussed ‘Industrial Strategy Fund’ was very exciting but does not address the real concerns of the scientific and research community over the Brexit exeunt, and the issues with stability, European research collaboration and diminished commercial marketplaces raised. Nevertheless there are ‘real’ funds within this pledge, along with a reaffirmed commitment to a reduction in the UK’s corporation tax rate. Please see below…………..