UK must become a science and tech 'superpower' to avoid fate as 'price-taking nation'

Minister for investment Dominic Johnson

James Baxter-Derrington
clock • 1 min read

The UK must establish itself as a science and technology “superpower” in order to avoid becoming a “second class, price-taking nation”, according to minister for investment Dominic Johnson.

Speaking to Investment Week, Johnson explained the "white hot" activity fundamental to the nation's growth is the "new economy", which begins with university spinouts and the commercialisation of intellectual property. Within this, he highlighted the "clean tech revolution", alongside artificial intelligence, quantum processing and fusion technology, while also pointing to fintech firms in the financial space. Deep Dive: Big tech is 'impossible to avoid' but few investors know how to value it Ahead of this month's Global Investment Summit, Johnson added the UK was seen a "free, lib...

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