Inventing a Better Britain - How does R&D fit into a new UK economic strategy?

  • November 15, 2023 6:00 PM - 7:15 PM
  • The Resolution Foundation, and online

Low productivity is the foundational cause of Britain’s recent economic malaise, and raising it is a top priority for policy makers. Public and private investment in research and development is a key route to boosting productivity and future economic growth. But businesses often complain that policy makers are failing to create an environment that encourages private investment.

After the ONS revision, how much does the UK spend on R&D? How does our recent performance compare with other advanced economies? What barriers do we need to overcome to boost R&D spending? And how can it align it with a new economic strategy for the UK focused on boosting growth?

The Foundation for Science and Technology and the Resolution Foundation co-hosted an in-person and interactive webinar to debate and answer these questions, as part of the Nuffield Foundation-funded Economy 2030 Inquiry. We heard from leading experts on how R&D currently fits in the UK’s economic plans, and where it might fit into a future economic strategy.

Grant Fitzner
Chief Economist, Office for National Statistics
Professor Jonathan Haskell
Professor of Economics, Imperial College
Professor Dame Ottoline Leyser DBE FRS
Chief Executive , UKRI

The Resolution Foundation