Ancestors

Written by Emeritus Prof Christopher May on 2025-01-21 at 22:37

In 2013 the top 2,000 firms spending money on Research & Development included:

118 from the UK; 668 for the USA; & 119 from China....

a decade later: in the top 2,000;

63 from the UK (just above half); 681 from the USA (a small increase); and 524 from China (over four times as many).

From which we might conclude that part of the UK's economic doldrums stem from a declining interest in R&D, perhaps because UK managers are too busy feathering their own nests?

[#]productivity #investment

h/t FT

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Toot

Written by Imbrium Photo on 2025-01-22 at 06:33

@ChrisMayLA6 Maybe increasing Corporation Tax would help with this, currently a company with £100 spare can chose to take out £75 and pay £ 25 tax, or invest £100 in R&D, if the tax was (much) higher there would be more incentive to re-invest over giving the money to shareholders etc.

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Descendants

Written by Emeritus Prof Christopher May on 2025-01-22 at 07:01

@imbrium_photography

Hmmm, maybe; but its a managerial problem that such extended incentivisation might be required for managers to have an interest in the long-term success of their firms - which is not to disagree that this would be one 'solution'

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