Letting the country down!

According to an IMF report as relayed on Today this morning, the UK stands 152nd in the world (between Bosnia and Madagascar) in terms of private companies financial contributions to R&D (as a % of GNP). A new university based R&D scheme has won financial support from the government and China & Singapore, but attracted from private British companies precisely £0.00.

Surely this is a disgraceful sign of the way the private sector regards its responsibilities to the country? Huge profits, huge salaries for those at the top, but what return for the country as a whole? 

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