Spending review cuts could put UK in the innovation slow lane

Posted on 16 Nov 2015 by Callum Bentley

EEF warns Britain risks entering the industrial slow-lane if support for innovation and hi-tech research is slashed in the forthcoming Spending Review.

Publishing its submission, EEF has warned that an increasingly fragile outlook for the sector means the important job of balancing the books must not be allowed to derail industry’s long-term prospects by creating uncertainty or, adding to the cost burden for globally-exposed manufacturers. In particular, EEF is cautioning against any reduction in the support government…

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