Extra government money is needed to support new "seed corn" research ventures in British universities, a report by the higher education funding council for England said yesterday.
August 2000
Tories plan to play rates card
MPs on the Treasury select committee will have their second showdown in a week today when Conservatives seek to link Gordon Brown's £43bn boost to public spending with the threat of higher interest rates.
Independent economists have warned that the chancellor's boost in public sector spending announced on Tuesday could fuel inflation, forcing the Bank of England to raise interest rates.
The home secretary, Jack Straw, moved to lance damaging criticism over falling police numbers yesterday by announcing that he is to fund an extra 4,000 recruits to the police service on top of the 5,000 he controversially promised at the Labour party conference last year.
Drought broken - now it's all about pipelines
The 1990s may have been a good decade for the economy, but they were terrible for public spending.
Big spend may bring rate rise, says MPC
The Bank of England yesterday issued a veiled warning to the chancellor, Gordon Brown, that after Tuesday's bumper boost to public spending any pre-election tax giveaways would be met with higher interest rates.
