That ‘improvement’ in R&D spending
Posted By Richard Exell On 20 Nov 12 @ 12:40 pm In Economics | Comments Disabled
You may have noticed the business enterprise research and development figures [1]for 2001, up 8 per cent [2]on 2010. Gins and slimline tonics all round!
There is another way of looking [3]at it:
The European target includes government R & D, but that has been especially hard hit by the cuts. This picture has always been worrying, but its even worse during a period of austerity. The Chancellor’s 2011 Budget promise [4]of “a more balanced economy, by encouraging exports and investment” needs some working on.
Article printed from ToUChstone blog: A public policy blog from the TUC: http://touchstoneblog.org.uk
URL to article: http://touchstoneblog.org.uk/2012/11/that-improvement-in-rd-spending
URLs in this post:
[1] figures : http://www.ons.gov.uk/ons/dcp171778_287868.pdf
[2] up 8 per cent : http://bdaily.co.uk/business/20-11-2012/rd-investment-rose-8-in-uk-businesses/
[3] looking : http://ec.europa.eu/europe2020/targets/eu-targets/index_en.htm
[4] promise : http://www.hm-treasury.gov.uk/2011budget_speech.htm
[5] Public spending cuts would hit the private sector too: http://touchstoneblog.org.uk/2009/09/public-spending-cuts-would-hit-the-private-sector-too
[6] Spending Down in Wales: http://touchstoneblog.org.uk/2010/07/spending-down-in-wales
[7] The improvement in trade: Falling imports, not rising exports: http://touchstoneblog.org.uk/2012/05/the-improvement-in-trade-falling-imports-not-rising-exports
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