Chris questions the Chief Secretary to the Treasury

I asked why R&D was only increasing at 0.7% in real terms and how that would allow productivity to improve. As well as asking if borrowing was being considered to increase R&D, as this would generate growth and therefore not impact the debt to GDP ration.

Watch the video below to see the Chief Secretary to the Treasury's response.

I have also written to the Chancellor asking the government to evaluate issuing R&D bonds to raise our R&D to South Korean levels and dramatically accelerate growth.