Financial Times FT.com

UK Budget, March 21 2007

Brown to increase R&D tax credits

By James Blitz

Published: March 20 2007 02:00 | Last updated: March 20 2007 02:00

Gordon Brown will on Wednesday unveil a significant increase in the value of research and development tax credits for British companies, seeking further to equip the country for the challenges of globalisation.

In a move that will entrench dividing lines with the Conservatives on economic policy, the chancellor is expected to use Wednesday's Budget to announce a significant increase in the £1.8bn R&D tax credit scheme for small and large companies.

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