My Lords, I will start where the Chancellor started, with his opening remarks. If I have to criticise those remarks, it is because he was far too modest. We have a growing economy. We are doing a lot better than he gave us credit for. The recent IMF figures show that average real GDP growth from 2010 to 2023—to take a period at random—was 1.53%. That is not great, you might say, but look...
My Lords, I too wish to speak in the gap. I am quite sure that I put my name down for this debate, but it seems to have disappeared. I have a horrible feeling that I am expected to be in another debate tomorrow which I had not expected to speak in. I want to very much welcome this Bill. I do not think I have any declarations of conflicts of interest, other than that I have lived and worked in...
Does my noble friend the Minister agree that, in addition to government spend, R&D tax credits have risen to £7.3 billion from £6.6 billion last year, which is very welcome, but perhaps the figure could be higher if there were a campaign to explain to SMEs the availability of R&D tax credits?
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Entered the House of Lords on 17 October 2013
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