Response to the Chancellor’s Autumn Statement

5 December 2012

The Institute of Physics (IOP) has responded to the Chancellor’s 2012 Autumn Statement.

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Responding to the announcement that £600 million is to be invested in UK science research infrastructure, Professor Paul Hardaker, Chief Executive of IOP, said, “Science adds significant value to the economy and society so to see it prioritised alongside school infrastructure, fast transport links and new houses is very positive.

“George Osborne, Vince Cable and David Willetts clearly recognise the value that science can unlock for society, but it’s important to remember that investment in science is a long-term commitment. It starts in schools, through higher education into research and to industry, but the pay-off is that we know it delivers growth and jobs to the UK.”