The Queen’s Speech made in Parliament on Thursday sets out Government plans to:
- Increase tax credits for research and development, establish a National Skills Fund, and bring forward changes to business rates.
- Carry out an Integrated Security, Defence and Foreign Policy Review, and to spend at least two per cent of national income on defence.
- Take steps to meet the UK’s target of achieving net zero greenhouse gas emissions by 2050.
- Work closely with international partners to help solve the most complex international security issues.
ADS Chief Executive Paul Everitt said:
“We look forward to working closely with the Government on its programme, including on the industrial implications of its Security, Defence and Foreign Policy Review and on measures to achieve the net zero target.
“Our sectors have an important role to play in addressing many of the most important challenges we face today, from climate change to raising prosperity in communities across the country.
“An increase in tax credits for research and development, support for world leading scientific research and the establishment of a National Skills Fund are especially welcome announcements for our industries.”