If Keir Starmer wants to grow the UK economy, he needs to play the Research

Keir Starmer’s Labour Party came to power on a pledge to clear up Britain’s economic mess and, above all other things, create growth. But how to do it? It is a question that has bedevilled British Governments since the country first began to fall behind in the late Victorian era. And no amount of reforming government has ever halted the inexorable decline, which feels supporting like a football team slowly slipping down the leagues. Remember Manchester United?

Yet how did Britain first rise to inordinate wealth and power in the Georgian period.?(let’s leave the constitution for another day) The answer is that, by luck or design, Britain took full advantage of the scientific and intellectual advances of the Enlightenment, more so than any other country. [1]The result was the Industrial Revolution, which provided an absolute step change in human productive capacity. Sadly for Britain, other countries quickly learned the lesson, better and more thoroughly than the British pioneers. And here we are today.

Yet there may be a way out of this trap. We have long tried to sing the praises of research and development as the real drivers of economic growth. But candidly admit-we’ve struggled. Now a most erudite yet readable article from the Guardian by Andre Gein and Nancy Rothwell makes the case with levels of data back up we could never match [2] Get this for a killer quote:

It is recognised as having a much higher rate of return than average for capital investment across government spending lines (every £1 of Higher Education Innovation Fund investment at research intensive universities delivers £12 to the economy).

Starmer and Reeves should ignore the groans of the terminally old and selfish. Real patriotism would embrace tax rises, if these are then invested in the long term future of our universities, And the network of schools that feed them of course. It’s time to play a big card, and this is a gambit that will work.

[1]Enlightenment Roy Porter Allen Lane 2000

[2]https://www.theguardian.com/commentisfree/2024/oct/26/scientific-research-needs-robust-government-backing-not-treasury-penny-pinching

#universities #research and development #economics #industrial revolution #britain #enlightenment