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Budget Resolutions and Economic Situation

I apologise for arriving just after the right hon. Gentleman started his speech. On research and development, and, especially, pulling what I call the basic research out of universities and into wealth creation, why did the Chancellor not examine in his Budget statement putting solid third-stream funding into the research councils and making that available to industry? Without that, surely we will start robbing Peter to pay Paul by taking out basic research money and applying it to knowledge-transfer and third-stream-funding systems.