The UK’s creative economy is worth more than our life sciences, aerospace and automotive industries combined, says Hetan Shah

UK productivity growth has been woeful since the financial crash and the economy is about a fifth smaller than it would have been had the trend in productivity growth continued after 2007. The Chancellor has a week left before she unveils her Spending Review – the 3-year allocation of funding across government. One of her core missions will be to improve UK productivity to engender an upward spiral of growth and investment.

It is increasingly recognised that investment in research and development (R&D) can be a long term source of productivity through innovation. The expectation is that despite tight budgets, the Chancellor will maintain R&D investment. This is sensible, but given budgetary pressures, how can she get the most bang for her buck?

© City A.M.