Tories cut research cash:

Britain falls behind as Tories cut research cash

BRITAIN is threatening jobs and productivity by falling behind international competitors in scientific research and development (R&D), MPs warned yesterday.

The Commons science and technology committee reported that British R&D investment lagged well behind the average for developed countries and could lose the country its status as a “science superpower.”

It urged Chancellor George Osborne to use this month’s spending review to set out a “road map” for raising public and private-sector investment in science R&D to the EU target of 3 per cent of GDP.

The committee said that a “flat-cash” settlement for spending in science since 2010 had left British spending at 1.7 per cent of GDP, compared to an average of 2.4 per cent for the OECD developed countries, 2.8 per cent for the US and 2.9 per cent for Germany.

TV physicist Professor Brian Cox said that one of the “world’s leading scientific nations” was being “shackled” by underinvestment.

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