The UK R&D budget for 2015 and 2016 is to remain flat at £4.6 billion ($7.0 billion) a year, reports the BBC. At the same time, Chancellor George Osborne announced that the capital budget, which goes toward lab infrastructure, would be raised to £1.1 billion. "From synthetic biology to graphene — Britain is very good at it and we're going to keep it that way," Osborne says.

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