How can we stop UK innovation falling behind our competitors?

I share the concerns raised by Tony Danker, the Director-General of the CBI, regarding the world’s entry into a subsidy arms race that could harm investment in green technology in the UK. The US’ Inflation Reduction Act, the European Recovery Fund and Horizon Europe are all leading the way globally at putting investment back into R&D and whilst the UK Government has certainly made bold commitments, we’re yet to see that translated into similar levels of action.