The government will spend &pound;2obna year-on R&amp;Dinvestmentinthe2024-25 tax year, down from a previous commitment of &pound;22bn, Sunak said yesterday. The &pound;22bn target will be hit two years later than previously planned, in 2026-27.Sunak also announced &pound;800m over the next five years to fund the Advanced Research and Invention Agency (Aria), a new body that will fund &quot;high-risk, high-reward&rdquo; technologies. Aria was initially backed heavily by Cummings.He also promised increases for existing research funding bodies including a &pound;400m boost for Innovate UK, which gives grants to promising technologies, by 2024-25.Sunak announced R&amp;D tax reliefs that he said would help Britain to remain a &quot;science superpower&quot;. The reliefs will be expanded to include data and cloud computing costs.Rain Newton-Smith, the chief economist at the Confederation of British Industry, said there were &quot;some positive steps forward&rdquo;. However, she said business leaders were concerned about the end of the &quot;super deduction&rdquo; tax break in 2023, saying a rise in corporation tax from the current rate of 19% to 25% at that time could discourage investment in new technologies.

R&D &pound;2bn delayed but funding for new body

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 8,500+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.