Leading members of both major parties have agreed that the UK must invest heavily in scientific research if it is to maintain its economic competitive advantage, according to a report by the Royal Society published today.
It warns that the UK's current advantage is in danger of being wiped out as other countries ramp up spending in science to boost their economies.
Former science minister Lord Sainsbury and former Conservative cabinet minister, Lord Waldegrave, examine the importance of scientific research on the UK's economy.
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