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In 2013 the top 2,000 firms spending money on Research & Development included:

118 from the UK; 668 for the USA; & 119 from China....

a decade later: in the top 2,000;

63 from the UK (just above half); 681 from the USA (a small increase); and 524 from China (over four times as many).

From which we might conclude that part of the UK's economic doldrums stem from a declining interest in R&D, perhaps because UK managers are too busy feathering their own nests?

#productivity #investment
h/t FT