Mathematic’s and Technology are clearly the priorities of Phillip Hammond’s 2017 budget as he¬†begins to make Britain a lead force in the technological age.

Hammond’s vision for a science and technology-based future has promised¬†a ¬£600 boost to schools and colleges for every extra sixth-former who takes A-level or core maths; more than ¬£80million will be available for the drive to boost the numbers of students taking A-level or core maths.

A £40million package of funding to train more maths teachers will also be available.

However, recent announcements haven’t provided much insight for students in higher education. In October,¬†Prime Minister Theresa May said on 1 October that the student loan repayment threshold will be increased from ¬£21,000 to ¬£25,000 in April 2018 as part of a wide-ranging review of student finance.

The Chancellor plans to set-up a new National Centre for Computing and aims to triple the number of computer science teachers from four to twelve thousand.

The Chancellor said ‚ÄúBritain is genuinely at the forefront of a technological revolution‚ÄĚ, which is happening ‚Äúnot just in our universities and research institutes, but in the commercial development labs of our great companies‚ÄĚ.

Mr Hammond wants to make a Britain a leading force in pioneering and investigative research. Compared to European neighbours, the UK spends less than a third in research outside of universities.

Government spending on R&D outside universities sums to £41 per capita which is around 3.5 times less than our friends in Germany who invest £144 per capita. University research in Germany sums £167 per capita by contrast to the UK figure of £155, which is a ,much more level playing field.

Hammond’s budget for 2017 plans for Britain to climb to a similar peg to our friends in Europe.

Leave a Reply

Your email address will not be published. Required fields are marked *