Rishi Sunak speaks at CBI conference

Rishi Sunak speaks at CBI conference

Assessment

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Business

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Hard

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The transcript discusses the slowdown in productivity growth since the financial crisis and the resulting gap with the US. It emphasizes the importance of innovation, starting with government investment in basic science and research. The UK government has protected the R&D budget and is investing in high-risk research through the Advanced Research and Invention Agency. The private sector's role in driving growth is highlighted, with tax cuts and R&D tax reliefs to encourage innovation. The UK aims to leverage Brexit freedoms to create a pro-innovation regulatory environment in key sectors.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What has significantly slowed since the financial crisis according to the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is considered a reward in the context of creativity and exploration?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What amount was protected for research and development in the autumn statement?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What type of research is the government investing in according to the text?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the text suggest businesses can benefit from R&D tax relief?

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OFF