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R&D spending hits ‘record’ £47bn across UK

According to new research from UHY Hacker Young, UK businesses also claimed a record £7.4bn in R&D tax relief last year, rising 19% from £6.3bn the prior year

Research and development (R&D) spending by UK businesses has reached a “record” high in the past year, jumping by 15% to £47bn, up from £41bn the year before.

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