British Prime Minister Theresa May promised today that her government will increase investment in scientific research, in an effort to ease concerns among business leaders about Britain's potential fall "off a cliff" after a formal exit from the European Union.
May told a conference of the Confederation of British Industry (CBI), Britain's leading organisation, that her government would invest an extra two billion pounds a year (€2,3 billion) in scientific research and development by 2020, and that corporate tax would amount to 17 percent, which is the lowest tax rate among the members of the Group of 20, reports Agence France Presse.
"Britain today has companies and researchers who are leading the way in some of the most exciting fields of human discovery. We need to support them and turn research strengths into commercial success," the Prime Minister pointed out.
May acknowledged that Brexit brings uncertainty to businesses and that they need certainty as soon as possible, "which is why Britain must leave the EU within a maximum period of two years after triggering Article 50", she stated.
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