Brexit News: UK Economy Set To Reinvigorate As UK Cuts EU Red Tape | Science | New


Despite being a Remainer in the 2016 Brexit campaign, George Freeman has highlighted the huge benefits that leaving the EU can bring to British science for the wider British economy. Speaking at Digital Catapult’s Cyber-Physical Future Forum for London Tech Week, the Science Minister said: ‘I have to say I was a very vocal remnant, but I respect the mandates of the British people.

“I think they wanted us to make this a time when we reform and renew the UK economy so that it is fairer and more vibrant and more conducive to prosperity for everyone.”

Mr Freeman added that there are two big things Britain can do now that it could not do before Brexit.

One involved being able to cut red tape by avoiding the EU regulatory framework “so we can now start to be really nimble and digital in the way we regulate”.

The Minister of Science also explained Prime Minister Boris Johnson had approached him to find out how Britain could use these post-Brexit freedoms to improve innovation in the country.

Along with MPs Sir Iain Duncan Smith and Theresa Villiers, Mr Freeman co-authored a report last June as part of the Task Force on Innovation, Growth and Regulatory Reform.

In this paper, the co-authors set out a vision of the UK’s approach to regulation.

It was about lowering barriers to start-ups and scale-ups, taking the lead in cutting-edge technologies, from artificial intelligence (AI) to autonomous vehicles.

This is to ensure that the UK maintains its reputation as one of the best places to do business.

Mr Freeman said: “The real opportunity for us is to set the new standards, the global benchmarks in autonomous vehicles, AI and healthcare, satellite licensing, across a range of industries that are growing very rapidly where the biggest obstacle isn’t a lack of government subsidies.

READ MORE: Germany sends huge warning to Putin, unveils new ‘panther’ tank

The Minister of Science added: “As the whole of government focuses on tackling the cost of living, I firmly believe that an innovation-driven economy will create the jobs, growth and prosperity we need to help us rebuild across the country.

“We live in a time of great technological change. New technologies are creating new industries at a rate that would have been thought impossible even 10 years ago. As a responsible government, we must give our researchers and innovators the tools and means to thrive.

“That’s why we’re announcing a record £743.5 million investment package in tomorrow’s technologies, putting entrepreneurs at the heart of our plans to help propel our economy while tackling some of the world’s biggest challenges. world, and supporting our ambitions to make the UK a scientific superpower.


Comments are closed.