A lost decade

Article

Successive governments have lauded the life sciences as a pillar of the UK economy in recent years. David Cameron talked about “a jewel in the crown”. Theresa May set out her ambition to make Britain “the global go-to place for scientists, innovators and tech investors”. And Boris Johnson has already committed to ‘supercharge’ UK science following Brexit.

There is optimism around the potential for growth in the industry – driven in no small part by a uniquely exciting moment for scientific advances.

However, new IPPR analysis shows that we have had a lost decade that has left one of our strongest sectors stagnating, even before accounting for its significant vulnerability to an unmanaged, no-deal Brexit.

In this briefing we set out key tests for policymakers looking to take the requisite steps to mitigate Brexit, as part of a strategy to support and invest in our life sciences industry.

Related items

  1. View of Bank of England, Royal Exchange, and Duke of Wellington equestrian statue (1844) with skyscrapers and construction in background.

    Navigating in the fog: Why the OBR should hold its nerve on the productivity forecast

    The fiscal watchdog is under pressure to downgrade its forecast, costing the chancellor billions – but this would be premature.
  2. A busy bus full of people of all ages. An older couple smile at a younger woman with a baby in a pushchair

    Everyday concerns: What people want from transport

    Transport has a key role to play in achieving the UK government's missions and improving lives. 
  3. An unrecognisable woman playing a slot machine in a social club

    Reforming gambling taxation: How to lift half a million children out of poverty

    A key priority for the government’s upcoming child poverty strategy should be to remove the two-child limit and scrap the household benefit cap.