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Liaison Committee: Third Report

My Lords, I speak as a past chairman and present member of the Select Committee for Science and Technology. I cannot accept the argument of the noble Lord. The Science and Technology Select Committee provides fundamental information across the board in our country, particularly as an economic entity, that is relevant to all legislation. It is therefore incredibly important. The most effective way to rebuild our economy is to restore our industrial leadership in the manufacturing of innovative products. This will only happen if we regain competitiveness in research and development. This is the business of the Science and Technology Select Committee. We inquire into whether our educational system is producing the graduates needed by industry for its R&D activities, whether the Government are using their procurement effectively to stimulate innovation, as the noble Lord, Lord Krebs, has said, and we inquire into the state of specific industries such as nuclear power. At present, the lack of R&D spend is the Achilles' heel of our economy. To reach the level of spending in Germany we would have to spend £10 billion more than we are spending at the moment, and to rival the USA we would have to spend £13 billion more. The Government are doing well in some of their initiatives, such as the catapults, but this is really only seed money. We need to keep our eye upon our academic and industrial performance in both the private and public sectors, and this is what the Select Committee does. The committee needs two sub-committees in order to cover the two broad fields of science and technology: the engineering and physical, and the biological and medical. For example, the committee needs different talents to inquire into genomic medicine and renewable energies, or to inquire into pandemic flu and nuclear power. Innovative products, and therefore gains in our health, transport, energy, communications and other systems, will also help us with our massive deficit. These potential gains are also the business of the Science and Technology Select Committee. This is not the time to cut in half the resources available to that committee.