[Albert Owen in the Chair] — Science and Research

Part of the debate – in Westminster Hall at 9:30 am on 24th June 2015.

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Photo of David Simpson David Simpson Shadow DUP Spokesperson (Business, Innovation and Skills), Shadow DUP Spokesperson (Environment, Food and Rural Affairs) 9:30 am, 24th June 2015

I congratulate the hon. Gentleman on securing this important debate. He has dwelt a lot on the percentages and on where the UK stands in the league table, but is that situation solely down to investment and finance? What does he put it down to? What is the difficulty? He said that the UK now has only two companies that are ranked highly in the world for R and D. What is the fundamental problem?