The bar chart in the BBC article below shows how we're being left behind in R&D spending. At the same time as this is happening today's FT front page states:
Rishi Sunak will slash a tax surcharge on bank profits by more than 60 per cent in next week’s Budget in an effort to keep the City of London competitive on a global scale in the wake of Brexit. More proof that this government supports the City swindlers more than the science, technology, engineering and maths sector...
`Possible science shortfall in Autumn budget threatens prosperity, says ex-minister'
BBC
`A possible shortfall in government science spending threatens the UK's prosperity, a senior Tory MP has said. Former Business Secretary Greg Clark warns government plans to double the science budget by 2024 are in jeopardy. His concern is shared by scientific and business leaders who have been making representations to the Treasury ahead of next week's Autumn Budget. Mr Clark, who chairs the science select committee, is to hear of the impact of a possible shortfall from scientists. Mr Clark told BBC News: "As we prepare to compete as a country in the future, it is unquestionable that one of our strongest assets is our science and technology base. "The world is becoming scientifically more intensive. For us to go backwards would be to opt out of future prosperity."...
And talking of City swindlers the FT also has on its front page today:
Credit Suisse pays $475m in fines to settle Mozambique ‘tuna bonds’ case FT