R&D investment and reform of tax incentives needed to prevent UK losing out to rivals
The UK government should invest more in R&D or risk losing out to its geopolitical rivals, a report from the centre-right think tank Onward has suggested.
If UK R&D spending had kept pace with the OECD average between 1999 and 2019, the sector would have spent an additional £212 billion on R&D over the last two decades, the report estimates.
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