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The Government will work on subsequent funding arrangements as part of our negotiations to leave the EU and will give more information in due course.
Looking ahead, the cash figure for 2020 is inevitably very uncertain. However, using October 2016 data, we estimate 60 per cent of median earnings will be £8.61, within a range of £8.50 to £8.73. This is down from £9.16 in the spring’.
Northern Ireland’s prestigious universities should also benefit from the UK government’s decision to increase funding for research and innovation by £2 billion a year by 2020-21, ensuring that the UK continues to be a world leader in science and technology.
Using the assumption that government will invest between 1% and 1.2% of GDP every year from 2020 in economic infrastructure covered by the Commission.
So we choose in this Autumn Statement to prioritise additional high-value investment, specifically in infrastructure and innovation, that will directly contribute to raising Britain’s productivity.
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