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Britain boosts research investment ahead of budget

British Prime Minister Theresa May, seen leaving 10 Downing Street November 16, 2016, is due to further outline her budget plans later November 21, 2016 at the annual conference of the Confederation of British IndustryThe British government announced fresh investment in research and development on Monday, ahead of the first post-Brexit budget which is expected to signal a move away from the previous administration’s rigid fiscal targets. The government will increase research and development spending worth £2 billion ($2.5 billion, 2.3 billion euros) annually until 2020, Prime Minister Theresa May’s office said in a statement. Investments will be rolled out through a new fund which will prioritise technologies including robotics, industrial biotechnology and medical technology.

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