Treasury written question – answered am ar 17 Rhagfyr 2018.
Liam Byrne
Shadow Minister (Digital, Culture, Media and Sport) (Digital Economy)
To ask the Chancellor of the Exchequer, what estimate he has made of UK expenditure on research and development as a proportion of GDP in 2017-18; and how that level of expenditure compares to (a) other G7 countries and (b) the EU.
Elizabeth Truss
The Chief Secretary to the Treasury
The latest ONS data estimates that overall gross R&D expenditure in the UK was £33.1bn in 2016, which was 1.7% of GDP in that year. 2017 data is due to be released in March 2019. The latest OECD international comparison of R&D expenditure ranked the UK 5th in the G7 and 10th among EU nations in 2016.
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