Pharmaceutical industry response to Budget 2020

The Chancellor Rishi Sunak has delivered his first Budget, and the first for the Government following last year's General Election.

In response, Richard Torbett, Chief Executive of the ABPI, said:

"Given the difficult circumstances this Budget is delivered in, we’re pleased to see the Chancellor’s commitment to science and research.

“Increasing science investment and raising R&D tax credits are important steps to reaching the goal of 2.4 per cent of GDP spent on research, and will be critical to the future success of our industry.

“We look forward to working with Government on a shared ambition to attract global investment to the UK’s thriving life sciences sector.”