CaSE Director Imran Khan wrote an article in yesterday’s Guardian newspaper, calling on the government to throw its weight behind sectors that deliver economic growth in order to reduce the budget deficit, particularly science and engineering.
As Khan argues, research and development (R&D) in Britain’s private sector relies heavily on public support for education, research and industry. To make the most of the UK’s scientific and engineering potential, and to use that potential to fight the deficit, the government needs to set out a clear, long-term plan for investment in this sector. Efficiency savings can be made, just as in other sectors, but it is vital that any savings are reinvested back into science and engineering.
Business leaders from some of Britain’s biggest high-tech companies – whose total R&D spend is more than twice the government’s science budget – came together this week to underline this point in a letter coordinated by CaSE.
CaSE has also published a pre-budget briefing arguing that if your aim is to cut the budget deficit, you need to spend more on education, research and development – and certainly not less.