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Select Committee · Business and Trade Committee

UK plc 2050

Status: Closed Opened: 1 Feb 2023 Closed: 24 Apr 2023 5 recommendations 9 conclusions 1 report
Clear

Reports

1 report
Title HC No. Published Items Response
Ninth Report - UK plc HC 1120 24 Mar 2023 14 Responded

Recommendations & Conclusions

1 item
3 Recommendation Ninth Report - UK plc Deferred

Whilst we recognise some of the challenges associated with the previous R&D tax credits scheme,...

Whilst we recognise some of the challenges associated with the previous R&D tax credits scheme, we call on the Government to conduct an annual review of the impact of recent changes on overall R&D investment in the UK to ensure that any unintended consequences can be remedied quickly. Read more

Government response AI summary
The government states the R&D tax relief review is ongoing, and a decision on whether to merge schemes will be made at the next fiscal event, deferring the specific request for an annual review of impact.
Read full response →
Department for Business and Trade

Oral evidence sessions

2 sessions
Date Witnesses
28 Feb 2023 Buffy Price · Carbon Re, Burkhard Keese · Lloyd’s, Caroline Keohane · Food and Drink Federation, Dr Richard Torbett · Association of the British Pharmaceutical Industry (ABPI), Mike Hawes · Society of Motor Manufacturers and Traders (SMMT), Miles Celic · TheCityUK View ↗
7 Feb 2023 Dr Anna Valero · LSE, Lord Deben · Climate Change Committee, Mike Keoghan · Office for National Statistics, Torsten Bell · Resolution Foundation View ↗

Who gave evidence

10 witnesses
WitnessOrganisationSessions
Buffy Price · Co-founder & Chief Operating Officer Carbon Re 1
Burkhard Keese · Chief Financial Officer & Chief Operating Officer Lloyd’s 1
Caroline Keohane · Head of Industry Growth Policy Food and Drink Federation 1
Dr Anna Valero · Distinguished Policy Fellow and Growth Programme … LSE 1
Dr Richard Torbett · CEO Association of the British Pharmaceutical Industry (ABPI) 1
Lord Deben · Chairman Climate Change Committee 1
Mike Hawes · Chief Executive Society of Motor Manufacturers and Traders (SMMT) 1
Mike Keoghan · Deputy National Statistician and Director General… Office for National Statistics 1
Miles Celic · Chief Executive Officer TheCityUK 1
Torsten Bell · Chief Executive Resolution Foundation 1

Correspondence

2 letters
DateDirectionTitle
21 Mar 2023 To cttee Letter from TheCityUK relating to session on UK plc 2050, 10 March 2023
14 Mar 2023 To cttee Letter from the Chief Executive of ABPI relating to the Committee's session on …