UK’s science budget stays steady
DOI: 10.1063/PT.5.027128
BBC : Chancellor George Osborne presented the UK government’s spending review to Parliament and revealed that R&D funding would remain at its current level. The £4.6 billion ($7.1 billion) yearly budget has stayed the same since 2011. However, Osborne announced that spending on government laboratory infrastructure would nearly double to £1.1 billion. His long-term plan is for R&D spending to grow in line with inflation through 2020. The UK’s current spending level is at just 0.65% of GDP, which is below average for G8 nations. Its ranking among the developed countries of the Organisation for Economic Co-operation and Development is 7th in actual spending but just 25th in percentage terms.
