Prime Minister鈥檚 plan to build an innovative economy
Prime Minister Rishi Sunak's plan to build an innovative economy delivering more jobs and higher pay.

In the short time I have been Prime Minister, we have made progress:
We鈥檝e protected the most vulnerable and lowest paid with cost-of-living support worth 拢26 billion.
Stabilised the economy and people鈥檚 mortgage rates.
A better future is one where our economy is growing faster so that everybody, everywhere has new opportunities for better paying, good jobs.
The most powerful plan for sustainable growth is to position the UK to fully benefit from the incredible scientific and technological change the world is seeing.
That鈥檚 why we鈥檙e:
- Increasing public funding in R&D to 拢20bn to enhance our world leading strengths in AI, life sciences, quantum computing, financial services, and green technology.
- Seizing the opportunities of Brexit to ensure our regulatory system is agile and supports innovation.
- Making sure entrepreneurial and fast-growing companies get the finance they need to expand.
- Spreading a culture of creative thinking and doing things differently across every part of the UK.
If we鈥檙e going to deliver this better future, people will have to work hard.
I believe good, well-paid jobs are about more than just financial security.
They give people purpose, confidence, dignity 鈥� the chance to build a better life for themselves.
But I also believe that if you work hard and play by the rules - you should be rewarded.
Which is why as soon as we can, the Government will reduce the burden of taxation on working people.
And it is staggering that at a time when businesses are crying out for workers, and when so many people are working so hard, a quarter of our labour market is inactive.
So our growth plan will look again at how we can support those who can, to move back into work 鈥� including through the welfare system.
All of this innovation will make this country a beacon of science, technology, and enterprise and lift our productivity, raise our growth rate, create new jobs for decades to come.