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Employment, Universities and Skills and Housing

I am sure that we will hear the truth of that argument when this debate is summed up. Nevertheless, £1 billion is going in to help turn our excellent inventions into useful products for society. At long last we have a new President in America, thank goodness. President-elect Obama, who takes control on 20 January, has already announced increases in the science budget for American universities and industry. He has also announced that stem cell research will be funded federally. However, if we squeeze our young academics in the way that I have described, the brain drain might kick off again. I do not want that to happen. We must encourage our young scientists to stay here and continue their good work.