Gordon Brown says UK innovation push could leave households £5,000 better off
Overview
Former prime minister Gordon Brown argues that raising the UK's innovation intensity to Swedish or Japanese levels could leave every household £5,000 better off and add £150bn a year to national income.
He makes the case that Britain already leads in universities and research output but struggles to turn that work into scaled companies, with three-quarters of venture capital coming from overseas.
The claim is Brown's own projection and has not been independently verified in the report. His argument centres on policy and investment in areas such as AI, quantum computing and biology as the means to close that gap.
Written by AI from the articles below · updated Oct 9, 1:50 AM ET
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- The Guardian · AIGordon Brown urges Britain to become an innovation nation, citing £5,000 per household gain
AIGordon Brown argues that raising UK innovation intensity to Swedish or Japanese levels could leave every household £5,000 better off and add £150bn a year to national income. He says the UK leads in universities and research papers but struggles to scale startups, with three-quarters of venture capital coming from overseas.
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