Infrastructure Improvements: Funding Debate
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Lord Davies of Oldham
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Infrastructure Improvements: Funding
Lord Davies of Oldham Excerpts(7 years, 7 months ago)
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Lord Young of Cookham
There is only one answer for my noble friend: I will write to him.
Lord Davies of Oldham (Lab)
My Lords, on the related issue of research and development, of course we welcome what the Chancellor said earlier today on the proposed increase of £2 billion up to the year 2020. However, does the Minister accept that even with this commitment, if it is realised, the United Kingdom will still be below the OECD average expenditure in this area and below the 3% of GDP that the OECD recommends to all developed countries?
Lord Young of Cookham
Again, the noble Lord is somewhat harsh in his judgment. I very much hope he will welcome the extra money that has been found at a time of great difficulty for investment in research and development.