How To Really Drive Innovation And Reignite Economic Growth [Forbes]
Diageo plc (DEO)
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Source: Forbes
Earlier this week, Peter Kyle, the Labour Party's shadow secretary of state for science, innovation and technology, that if victorious in next month's U.K. General Election his party would act as a “partner that can unlock potential” rather than be a barrier to innovation. The statement — made while visiting the robotics and carbon capture research facilities at Imperial College, London — is indicative of the importance all parties are giving to economic growth. Given the reluctance of any to be drawn on raising taxes, this is perhaps inevitable. But it is striking that politicians are becoming so explicit about the role innovation plays in expanding the economy. For example, in an announced last March and updated in November, Prime Minister Rishi Sunak set out a plan to “cement the U.K.'s place as a science and technology superpower by 2030, alongside a raft of new measures backed by over £370 million ($473 million) to boost investment in innovation, bring the world's best talent
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