New R&D funding among a host of spending pledges in 2018 budget
By 
Emma Stoye2018-10-30T15:59:00
Despite new funding uncertainty remains over whether the UK can hit 2.4% of GDP R&D target by 2027
In a UK budget statement dubbed the ‘big giveaway’ by British media, chancellor Philip Hammond has announced several increases to public spending in an effort to show the austerity of recent years is coming to an end. New funds have been promised for the National Health Service, schools and infrastructure, alongside cuts to income tax. Amongst the various spending commitments is a plan to ‘strengthen the UK’s global leadership in science and innovation’.