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Smith says yes to science ministry

In his first major speech on science since becoming party leader, John
Smith pledged that a future Labour government would create a Ministry of
Science. It would be Britain鈥檚 first government department devoted to science.

The new ministry would be 鈥榯he driving force behind a new commitment
to science鈥�, said Smith.

Details of the responsibilities of the new ministry will be worked
out in the coming months. But Smith, who was speaking at a meeting of the
Save British Science Society in London this week, says that action is needed
to remedy years of 鈥榳ilful neglect鈥� of science by the government.

鈥榃hile all the other major trading countries have been increasing the
amount they spend on research . . . the stark and unavoidable truth is
that the UK has been going in the opposite direction. This is a state of
affairs which ought, long before now, to have caused genuine alarm to any
responsible government.鈥�

Smith says that the creation of such a ministry would 鈥榦pen a new chapter
in Britain鈥檚 history as a great scientific nation鈥�. But the Labour leader
left open the all 鈥� important question of whether his Minister of Science
would continue to have a seat in the Cabinet.

At present, government science policy is coordinated by the Office
of Science and Technology, which forms part of the Office of Public Service
and Science. Science is represented in the Cabinet by the minister in charge
of the OPSS, William Waldegrave.

Chief among Labour鈥檚 priorities, Smith said, is a need to increase industrial
research. He identified the short-termism of Britain鈥檚 financial markets,
and the government鈥檚 overreliance on them, as the main reason why companies
invest so little in research and development.

He promised to look at ways the government could combat short-termism.
In contrast to the government鈥檚 hands-off approach to the City, Smith said,
鈥榤uch can be done to raise industrial R&D鈥�. Tax incentives for research
were the most obvious option but he would also consider changing accounting
rules so that research spending appears as an investment rather than a cost
on the corporate balance sheet.

However, there was no promise of new government money for research.
A Labour government would not be able to afford to do everything it wanted
to immediately. But Smith did say that 鈥榚ducation and training, research
and development are where we should begin鈥�.