Government red alert on high-tech

Government red alert on high-tech
Richard Wilson The government seems to have hit the panic button on the UK’s high technology R&D performance. With R&D investment in the civil sector having fallen as a proportion of gross domestic product for three consecutive years, the Treasury has produced a consultative document to demonstrate its commitment to using tax incentives to promote R&D investment in UK firms. According to the latest official figures, the UK’s investment in R&D fell by two per cent in real terms in 1996, the third year in a row that R&D investment has fallen.


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