The House of Lords and House of Commons Science Committees have written to Sajid Javid, Secretary of State for Business, Innovation and Skills to ask him to protect the science budget.
An excerpt from the letter reads:
“The rumoured 40% cuts to your department’s budget pose a serious threat to Britain’s position at the cutting edge of science. We are writing to urge you to increase investment in research and development in the upcoming Spending Review and not to rush reorganisations of funding structures that could have unforeseen and long-term negative consequences.
The UK already invests significantly less of its GDP in R&D than our international competitors. We cannot afford to fall yet further. Cuts to the research base would send a very worrying signal to investors and could lead to a brain drain of our top academic talent.
The Government’s aims to rebalance the economy and support high-value job creation are laudable, but they cannot be achieved without investment. Real-terms increases in the science budget and support for innovative businesses will leverage inward private investment and pay dividends for years to come through a healthier and happier society, and a stronger economy.”
Further comment on the letter can be found in this Research Professional article.