Economy: Impact of UK Withdrawal from EU

Part of Treasury – in the House of Commons at on 7 February 2023.

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Photo of Anthony Browne Anthony Browne Conservative, South Cambridgeshire

I welcome the fact that this Government are so committed to making the UK an innovation nation that they have just today set up a whole new Government Department to promote innovation, science and technology. I have about 400 life science companies in my constituency, and there are some reservations about the reform to the research and development tax credit, introduced to try to tackle fraud in the sector. Can my right hon. Friend reassure them that the Government are still committed to supporting research and development companies while tackling fraud?