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...Chancellor Jeremy Hunt has named life sciences as one of his five key sectors for the British economy....
...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment....
...The government has attempted to address concerns, with Hunt acknowledging this month that there was “merit to the case for further support” for research-intensive businesses....
...Jeremy Hunt will this week overhaul Britain’s “flagship industrial policy” after warnings that billions of pounds of R&D tax credits for small companies offer poor value for money and are open to fraud....
...at which loss-making companies are taxed within the merged scheme from 25 per cent to 19 per cent and lower the threshold for the additional support for R&D intensive lossmaking firms....
...Some economists see signs that the R-star has risen....
...In Budget documents this month, chancellor Jeremy Hunt said HMRC would set up an expert advisory panel to support the administration of the reliefs....
...Hunt is expected to cut income tax or national insurance....
...And in advanced manufacturing, we have announced a further £270 million of investment into innovative new automotive and aerospace R&D projects, building the UK’s capabilities in zero emission vehicle and...
...In total, the measures leave a slim £13bn margin against Hunt’s debt rule....
...Advantech launched a software R&D centre in Pune last October and aims to hire hundreds of software engineers....
...Sunak and Hunt believe they can still convince voters that Britain is now “on the right track”; they argue it was inevitable that growth would stall in 2023 while the BoE was fighting inflation with high...
...To further support research and development, I am creating a new simplified R&D tax relief, combining the existing R&D Expenditure Credit and SME schemes....
...The government will boost spending on computing power to develop AI by £500mn over two years to bring total planned investment to more than £1.5bn, said Jeremy Hunt....
...Technology industry leaders have called on chancellor Jeremy Hunt to increase tax relief for expenditure on digital services ahead of his Autumn Statement next month....
...Ten chancellors later, Jeremy Hunt wants “to get Sid investing again”. Government money men are not all that has changed. So too has the investment landscape....
...But observers of the US economy will find much to think about in some smaller companies this week: the trucker JB Hunt, the grocer Albertsons, Snap-on tools, assorted regional banks....
...Hunt’s announcement that he was scaling back R&D tax credits in November’s autumn statement prompted fierce criticism, with a survey by industry group the Coalition for a Digital Economy finding that the...
...Hunt gave the example of a cancer drug company spending £2mn on R&D, which would receive more than £500,000 in tax credits....
...Other existing schemes include £1.4bn of joint government and industry funding to develop emerging vehicle technologies, £685mn for aerospace R&D and the £650mn “high-value manufacturing catapult” to help...
...That may be why Peel Hunt analysts said they would “struggle to see the [Currys] board engaging on anything less than 80 pence” per share. Our colleagues at Lex came to a similar conclusion....
...The move comes after Washington announced it was deploying a carrier strike group, led by the USS Gerard R Ford aircraft carrier, to the region....
...The toxic ‘R’ word | Britain’s recession was variously described by economists as “technical” and “shallow”, but in the brutal political arena it was given a different name: “Rishi’s recession”....
...Meanwhile government spending and investment, notably in R&D, have added to headline GDP for five quarters running. Underlying trend growth is arguably closer to 3 per cent than 2 per cent....
...The government said its approach aligned with its “levelling up” commitment to rebalance R&D spending outside the south-east....
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