The Institute of Physics responds to the Spending Review

The Institute of Physics has responded to the Government’s spending plans as announced by George Osborne today, Wednesday 25 November, in Parliament, and detailed by the Treasury.

Professor Paul Hardaker, Chief Executive of the Institute of Physics (IOP), said, “To grow our economy and create jobs, the UK must be competitive and that means investing in science and bringing that science to market.

“George Osborne has announced today that the £4.7bn science budget has been protected in real-terms over the period of this Parliament. It shows that this Government is committed to investing in science, and ensuring that we maximise the potential economic and societal gains from doing so in the future. This will help UK science but we still need to be mindful of how this compares to higher investment by international competitors.

“We will work with our colleagues across science and education to examine the detail of the Spending Review to better understand the implications and the spending power of these commitments.

“We also hope that detail in the settlement for the Department for Education will allow us to continue our transformative work to improve physics education.”


For further information contact IOP’s media officer, Philippa Skett
Direct tel: +44 (0) 20 7470 4829
Mobile: +44 (0)788 0525 0792
E-mail: [email protected]

The Institute of Physics
The Institute of Physics is a leading scientific society. We are a charitable organisation with a worldwide membership of more than 50,000, working together to advance physics education, research and application.

We engage with policymakers and the general public to develop awareness and understanding of the value of physics and, through IOP Publishing, we are world leaders in professional scientific communications.

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Published: 25 Nov 2015


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Websites: The Institute of Physics website UK Government spending review and autumn statement 2015