British Prime Minister Theresa May has promised to spend £2 billion (US $2.5 billion) a year on scientific research, the Guardian reports. The pledge, the Associated Press adds, came during a speech today to the Confederation of British Industry conference.
May said that this investment, which is to occur by 2020, would help keep British research at the cutting edge. It is, the AP adds, "the first step" of her industrial strategy. The Guardian notes that May also announced that research and development tax incentives would be reviewed "to ensure the global competitiveness of the UK as a home for scientists, innovators, and tech investors."
"My aim is not simply for the UK to have the lowest corporation tax in the G20, but also one that is profoundly pro-innovation," May said, according to the AP.