Rishi Sunak speaks at CBI conference

Rishi Sunak speaks at CBI conference

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Business

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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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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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