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Author Archives: GovWorldMag

R&D is vital for the UK’s future prosperity yet this Government have cut funding  – Long-Bailey

Rebecca Long Bailey MP, Shadow Secretary of State for Business, Energy and Industrial Strategy, commenting on the Government’s announcement of Industrial Strategy Challenge Fund investments, said:

“This is simply a re-commitment of R&D funding announced at last year’s Autumn Statement.

“R&D is vital for the UK’s future prosperity yet this Government have cut funding since 2010  and the UK remains significantly behind the OECD average of 2.4% of GDP in public and private investment in R&D.

“Labour is committed to bringing the UK in line with our international counterparts and will raise total public and private investment in R&D to 3% of GDP.”

Ends

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Kate Osamor responds to Theresa May announcement on spending 0.7 per cent of GNI on international development

Shadow Secretary of State for International Development, Kate Osamor, responding to Theresa May announcement on spending 0.7 per cent of GNI on international development, said:

“The Tories have been cutting the aid budget by stealth for years, and they are now arguing over whether to go even further by abandoning the international definition of aid.

“The Prime Minister needs to end this speculation immediately by confirming that the Tories would continue to abide by the definition set out by the OECD. Abandoning the globally recognised standard would undermine the purpose of the 0.7 per cent commitment and send a terrible signal to the rest of the world.

“The UK’s commitment to help the world’s poorest is vital and should not be being called into question in this way.”

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