You say the UK has a budget of a trillion, but around 70% comes from consumer spending. As consumers have been hooked on debt and hit with annual increases in every indirect tax they can think of.
Do you think that the return on investment into science is really less than 4.5% (interest rate on gilts) per year?
> You say the UK has a budget of a trillion, but around 70% comes from consumer spending.
70% of government expenditure is consumer spending??? This statement is nonsensical.
But I don’t think the 0.08% line item for scientific research is where I’d start.
Science is already deeply underfunded despite a disproportionately large impact on society in my opinion.
https://www.gov.uk/government/news/government-backs-uk-rd-wi...