Theresa May to promise £2bn a year for scientific research

PM will unveil strategy to boost technology industry following anger from bosses at her administration's approach to big business

Theresa May is to commit the UK to a 2bn annual fund for scientific research and development and a review of tax incentives for innovative corporations in an effort to boost the technology industry.

In her first speech to the CBI's annual conference, the prime minister will outline "the first steps in a modern, ambitious industrial strategy" following increasing anger from bosses at her administration's approach towards big business.