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British households would be £5,000 richer if we were more innovative. Let’s unleash our talents | Gordon Brown

We have a deep reservoir of assets, but struggle to turn small companies into global success stories. Innovation needs to be at the heart of government policy Gordon Brown was UK prime minister from 2007 to 2010 The coming 10 years are almost certain to be the decade that sees the greatest scientific breakthroughs in a century. The question is whether advances now under way in AI, quantum…

British households would be £5,000 richer if we were more innovative. Let’s unleash our talents | Gordon Brown

British households would be £5,000 wealthier if the nation embraced innovation more fully, according to Prime Minister Gordon Brown. The UK possesses a wealth of assets, yet struggles to transform small enterprises into global powerhouses. Innovation must be at the core of government policy. The next decade is poised to witness the most significant scientific advancements in a century, with AI, quantum computing, and biology holding promise for treating or preventing diseases and overcoming antibiotic resistance.

Addressing energy needs while protecting the environment and transforming education, health, and social care through AI are also critical considerations.

Despite being overshadowed by the US and China as global innovation leaders, the UK boasts an impressive array of resources. It is home to four of the world's top ten universities, including 16 of the top 100 institutions. Five of these universities rank among Europe's top ten for spin-offs and startups founded on intellectual property generated through university research.

Remarkably, with less than 1% of the world's population, the UK generates 6% of global research papers, nearly 9% of citations, and 12% of the most highly cited research.

Prime Minister Brown emphasized the importance of unleashing British talent in the coming years, as the nation holds the key to transforming transformative technologies and enhancing the well-being of millions.

Written by urgent.news from Guardian Science's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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