Top academics warned that planned cuts to physics and astronomy funding risks undermining a key government strategy to harness innovation to boost economic growth, according to FT
Newsquawk Staff ·
Top academics warned that planned cuts to physics and astronomy funding risks undermining a key government strategy to harness innovation to boost economic growth, according to FT.
What it means
This warning from top academics highlights the potential negative impact that funding cuts to physics and astronomy could have on government efforts to drive innovation and economic growth. Such cuts might signal a broader shift away from investing in fundamental research, which could lead to long-term losses in competitive edge and technological advancements, ultimately affecting investor sentiment and related sectors.
Sources
- Italian PM Meloni’s government is set to pass EU-compliant budget for 2027, according to FT
- Japanese Finance Minister Katayama says watching market trends with a high sense of urgency
- UK Chancellor Healey is to reverse cuts to cash ISA allowances in which he will use Wednesday’s Budget to maintain tax-free limit at GBP 20,000 a year, reversing a plan by his predecessor Rachel Reeves, according to FT
- UK Chancellor Healey prepares to slash household gas bills by GBP 50, according to Telegraph
- [MARKET ANALYSIS] DXY holds above 102.00; Antipodeans modestly outperform, and USD/JPY eyes a hefty 157.85 expiry
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