U.K. science sector is 'bleeding to death,' lawmakers say in report: House of Lords committee urges government to stem exodus of science and technology companies.

The article discusses a report from the House of Lords committee highlighting a crisis in the United Kingdom's science and technology sector, which is experiencing a significant exodus of companies to other countries. The report, titled "Bleeding to death: the science and technology growth emergency," emphasizes the urgent need for government intervention to support startups, attract investment, and reform immigration policies that currently hinder the recruitment of foreign scientists. It also points out the detrimental effects of high visa costs and a lack of long-term funding strategies for universities, which contribute to the sector's decline. The committee calls for the establishment of a National Council for Science, Technology and Growth to address these issues and foster a more favorable environment for innovation and investment in the U.K. [Extracted from the article]