Technology: Economic Growth
The question
To ask the Chancellor of the Exchequer, what steps she is taking with Cabinet colleagues to help increase economic growth through new technologies.
Answered by James Murray
The Digital and Technologies sector plan sets out the government’s vision for the UK to be one of the best places in the world for fast-growing technology businesses, including through support for R&D, skills and growth financing. The government is also improving the business environment through pro-innovation regulatory reform.
Government R&D spending will grow to £22.6bn per year by 2029-30, with a focus on frontier technologies with the greatest growth potential.
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