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R&D is not like running a business, it is the engine of the economy and is the second most valuable resource in the UK after physical resources. The IMF, EU, and the G20 think that research and development spending is like any other cost of running a business and therefore if you increase GDP you should increase GDP and therefore should increase R&D spending. The underlying assumption of the UK government, the IMF, and the EU and G20, that is that R&D spending is like any other cost of running a business, and in that it has a fixed ratio in relation to GDP, is completely false. So when the government talk about increasing the R&D budget, most scientists and economists scoff at the idea, basically saying that the government has already had it’s chance and hasn’t managed to increase research and development spending, and even if they did, as a percentage of GDP, it would still be one of the lowest in Europe. We have had the same argument over the past 5 years or so little or no real growth, the EU, VAT cuts, and the huge problems that we face just to keep the economy running.

The UK government (and there is a difference between Gordon Brown and his successors) are very good at talking up a small increase in spending. I think it is obvious that if you look at the job losses and capacity problems in the UK it is often the science based industries that suffer as a result of government cuts and scientists playing catch up with the USA, China and other science superpowers. I assume that it has become no secret to you that the UK government and many scientists are in favour of increasing Research and Development spending.

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