Royal Society President responds to the Chancellor's Budget
30 October 2024In response to today’s Budget, Sir Adrian Smith, President of the Royal Society, said:
“It is very good news for the science sector and for the UK that the Chancellor has recognised research and innovation as a ‘crucial national asset’ for delivering long-term economic growth.
“Protecting the science budget, despite the challenges facing public finances, and investing £20.4bn in 2025/26, will create conditions that generate new knowledge, boost productivity and unlock opportunities for every corner of the UK.
“There is clear recognition that delivery of net zero and support for innovation in growth sectors, like AI, will be key to capturing these economic opportunities.
“The Chancellor rightly recognises that investing in education and skills today lays the foundation for the UK’s future prosperity and international competitiveness. Recruitment of specialist science teachers and reform of mathematical education as part of the upcoming curriculum review will be key to delivering this pledge.”