Categories: USA

Expenses to include 86 billion sterling pounds for science and technology

Marc Ashdown

Commercial correspondent

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Domains like Newport in Wales, which house the largest semiconductor manufacturing center in the United Kingdom, will be allowed to decide how investment is targeted in their communities.

A package of 86 billion pounds sterling for the science and technology sector will help finance research on drug treatments and more sustainable batteries, the government said before examining Wednesday.

The package also includes up to 500 million pounds sterling for the United Kingdom regions, local managers with their say on how it is spent, said the Department of Sciences, Innovation and Technology (DSIT).

Chancellor Rachel Reeves, whose goodbye The budgets of daily departments and investment will be denounced in the coming years, said that investment in the sector would create jobs and stimulate security.

But donors have warned that the government must do more to ensure the reputation of the United Kingdom for science on the world scene.

Reeves will present ministerial spending plans on Wednesday, the science and technology package should be worth more than 22.5 billion pounds Sterling per year by 2029.

The DSIT said that “every corner of the country” would benefit, communities capable of directing the financing of expertise specific to their areas.

In Liverpool, which has a long history in biotechnology, funding will be used to accelerate the discovery of drugs. Northern Ireland will receive money to develop defense equipment, while the southern Wales will use money to design microchips used to supply mobile phones and electric cars.

The Chancellor said: “Great Britain is the Maison des Sciences et de la Technique. Thanks to the change plan, we are investing in the renewal of Great Britain to create jobs, protect our security against foreign threats and make workers’ families better.”

Tony McBride, director of policies and public affairs at the Institute of Physics, praised funding, but said that the government should engage in a decade plan to train workers.

“This must include a plan for the skilled workforce we need to deliver this vision, starting with teachers and approaching each educational step, to support the industrial strategy,” he said.

John-Arne Rottingen, director general of the largest non-governmental non-governmental research fund Wellcoma, warned that visa costs for foreigners, financial challenges in universities and a budget that was not adjusted for inflation could hinder government’s ambitions.

“The United Kingdom should aim to direct the G7 in the intensity of research, to cause economic growth and the progress of health, science and technology that all benefit us.”

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The Chancellor warned that her expenditure review would reflect compression of government financing.

The secretary of ghost technology, Alan Mak, said that the investment of the sector seemed to be a “copy and paste” of the conservative plans set out in his manifesto last year.

“While the work and the reform are competing for the way of spending more taxpayers’ more money, only the conservatives create a serious plan for the government to have growth and make your country to you,” he added.

Earlier this week, Reeves admitted that all government departments would not “get everything they wanted” In Wednesday examination, saying that she had refused requests from the ministers and argued that pressure on funding was a “product of economic reality”.

Reeves said its budgetary rules on the loan to pay public services were “non -negotiable” and insisted that they were necessary due to “conservative abuse” of the economy.

The treasure said earlier this year The fact that the Chancellor’s budgetary rules guarantee daily expenses were equal to tax revenue, which means that the government would only bake to invest.

Large pieces will go to the departmental departments, with suggestions of an additional 30 billion pounds for the NHS over three years.

Whitehall’s initiates have told the BBC that they expect the expenditure exam to be “ugly” and that the ministers are fighting to earn small sums of money for their respective departments.

remon Buul

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